BusinessInsider says that hedge fund company Man Group has appointed Yifei Li to the position of Country Chair for its Chinese operation, as part of the company's efforts to expand its operations into mainland China. [via HedgeCo]
It's not an extremely drastic change for Li -- she used to represent GLG Partners, which was acquired by Man Group last year -- but she's definitely making moves on the right track.
Li's appointment seems to be smart move on Man Group's part -- Li is already considered one of China's most powerful businesswomen and one of the most well-connected. In a country where "guanxi" - one's influence through relationships to others -- plays a key role on the path to success, that network is going to be extremely helpful
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Read more: http://www.businessinsider.com/meet-yifei-li-man-groups-china-frontwoman-2011-11#ixzz1dEN1uWz1
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