Allianz Global Investors has poached a senior executive from rival JP Morgan Asset Management to strengthen its sales team in Singapore, AsianInvestor can reveal.
 
Jason Green joined AllianzGI in mid-June as Southeast Asia head of institutional business, a newly created role. He reports to Adam Phua, Asia-Pacific head of international business and consultant relations.
 
At JP Morgan AM, Green was Singapore-based executive director in the Asia sovereign and institutional group. The US firm confirmed he left in June and that it is seeking a replacement.
 
Before Green's appointment, Phua had direct responsibility for the institutional business in Southeast Asia. As Green's boss he continues to overlook institutional business coverage of Southeast Asia, Hong Kong and Korea, said a spokeswoman for AllianzGI, which had €501 billion ($536 billion) under management as of March 31. 
 
The firm’s institutional clients in China are looked after by Cicely Sun out of Hong Kong, as China head of institutional business.
 
AllianzGI has an effective head of institutional business for Asia Pacific, in the form of Desmond Ng. Ng retained these responsibilities after being promoted to be head of Asia Pacific on January 1, 2016.
 
According to his LinkedIn page, Green had been at JP Morgan AM since 2012. He has also worked at Crescent Point, a Singapore-based private equity and special situations investment firm; and as an M&A banker at Lazard.
 
This story was updated to reflect that Desmond Ng still covers the institutional business in Asia-Pacific of Allianz Global Investors, and Adam Phua oversees several areas of institutional business coverage.