The asset management joint venture between the Industrial and Commercial Bank of China and Credit Suisse has expanded its team.

ICBC Credit Suisse Asset Management has appointed Laura Lui as head of index and quantitative investment.

Lui was previously head of the exchange-traded fund and index team at Mirae Asset Global Investments, responsible for boosting the firm's ETF and index capabilities in Asia. She brings more than 12 years of experience in the finance industry.

Based in Hong Kong, she will report to Richard Tang, chief executive of ICBC Credit Suisse Asset Management. 

“Ability to access China efficiently has become increasingly relevant for international investors when making asset allocation decisions for their global portfolios,” said Tang. “We have big strategic ambition to meet this need, and are delighted to have someone of Laura's strong calibre joining us during this exciting time.”

The hire follows the firm's recent collaboration with S&P Dow Jones Indices on the flagship S&P China 500 index.

As of the end of September, ICBC Credit Suisse Asset Management had around 550 employees and RMB800 billion ($126 billion) in assets under management.