Baring Asset Management (Asia) has recruited Syd Bone as managing di-rector as from 1 April. He will relocate from New York, where he has been a partner of Towers Perrin, which he joined in Australia in 1980. He served as managing director of Towers Hong Kong office from 1991 to 1995, specialising in advising pension funds and institutional clients. He succeeds David Brennan who is relocating to London to take global res-ponsibility for the company's institutional and mutual fund business. Khiem Do remains head of the investment team in Hong Kong.