Strategist to leave Barings

PUBLISHED : Thursday, 30 October, 1997, 12:00am
UPDATED : Thursday, 30 October, 1997, 12:00am

With the stock market in turmoil, Hong Kong is about to lose one of its most well-known market watchers.

Neither a bull nor a bear, but a tiger, Alan Butler-Henderson is leaving the territory.

ING Barings said Mr Butler-Henderson, its chief Asian strategist, would be leaving at the end of December to become an independent consultant.

Mr Butler-Henderson said: 'There comes a point in life when you want to slow down a bit [although] the products won't change.' Over the years, the markets have become familiar with his Tiger Talk series of market forecasts.

Mr Butler-Henderson said that he would be retaining a relationship with ING Barings, with continuing access to its research facilities, sales force and analysts.

ING Barings said Mr Butler-Henderson, who joined the firm in December 1993 after moving to Hong Kong in April 1991, would be replaced by Paul Schulte.

Mr Schulte would retain his post as regional head of equity research, it said.

Despite the apparent increase in workload for Mr Schulte, the company said the move was part of a series of changes that would 'significantly strengthen its equity markets team in the Asian region'.