Tony K. Xu
Repulse Bay
Overview
19
19
years of professional experience
Work History
Portfolio Manager
Complus Asset Management
10.2023 - Current
- Report directly to the founder and CIO within a predominantly linear‑rates focused fund.
- Manage a macro volatility portfolio primarily in FX vol with selective rates vol exposures, deploying discretionary, RV, and systematic trade expressions.
- Designed and built a risk monitoring system from scratch to support volatility strategies, integrating limits, scenario analysis, and P&L/risk attribution.
Managing Director, Head of APAC Currency & EM Dist
Goldman Sachs
03.2020 - 06.2023
- Managed a 50+ person team across Hong Kong, Singapore, Tokyo, Sydney and Bangalore, generating over 500mio USD in revenue per annum, with CAGR of +20% growth over period of tenor
- Managed flow product distribution (voice and electronic) across FX / IRP / Credit to Hedge Funds, Asset Managers, Sovereign, Regional & International Banks, as well as Insurance clients
- Covered key regional macro and fixed income CIO / senior portfolio managers, with an individual production over 10mio USD per annum in addition to managerial responsibilities
Managing Director, Head of HK-SG Macro Sales
Goldman Sachs
11.2015 - 03.2020
- Managed a team of 30+ personnel between Hong Kong and Singapore, producing over 300mio USD in revenue with a CAGR growth rate of +25% over period of tenor
- Worked closely with regional sales team leader to grow Asia macro product relevance across the broader region and globe
- Revamped asset-side commodity flow business from the ground up, growing it from a team 1 with 5mio USD in revenue to team of 3 with 25mio USD in revenue
Executive Director, Head of X-Asset Macro Sales
Goldman Sachs
06.2012 - 11.2015
- Grew a 5mio USD business to a 45mio USD business by rebuilding, re-branding, and re-channeling macro distribution for non-macro (equity and credit focused) hedge fund clients
- Augmented client list from 20 names to 125 through prospecting a broader universe of 400+ funds in the region
- Negotiated OTC documentation across account opening process on a continual basis, heavily involved in streamlining back office processes
Executive Director
Goldman Sachs
06.2006 - 06.2012
- Macro-Asset FX Sale
- Held various roles within FX sales covering hedge funds, sovereign entities, regional and international banks, and multinational corporate clients
- Consistent producer with annual production between 15-20mio USD depending on role
Education
MBA -
MIT Sloan School of Management
Boston, MA06.2006
Bachelor of Arts - Music, Economic Double Major
Amherst College
Amherst, MA05.2001
Timeline
Portfolio Manager
Complus Asset Management
10.2023 - Current
Managing Director, Head of APAC Currency & EM Dist
Goldman Sachs
03.2020 - 06.2023
Managing Director, Head of HK-SG Macro Sales
Goldman Sachs
11.2015 - 03.2020
Executive Director, Head of X-Asset Macro Sales
Goldman Sachs
06.2012 - 11.2015
Executive Director
Goldman Sachs
06.2006 - 06.2012
Bachelor of Arts - Music, Economic Double Major
Amherst College
MBA -
MIT Sloan School of Management