Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
At ABN Amro, Lim was the Singapore CEO responsible for business development with private and institutional clients. His departure marks a second top management loss from ABN Amro Asset Management to Legg Mason. Bo Kratz, now a managing director at Legg MasonÆs Permal, left his job as head of institutional sales at ABN Amro last year. Prior to that, Kratz had served with Lim as the Singapore CEO and deputy CEO respectively.
Lim has also worked for Schroders Investment Management and Prudential Portfolio Managers. He joined ABN Amro in 2003.
Legg Mason is headquartered in Baltimore and, with $968.5 billion under management, it is the worldÆs ninth largest asset manager. It wholly owns eight asset specialists - Legg Mason Capital Management, Western Asset Management, Private Capital Management, Royce & Associates, Brandywine Global Investment Management, ClearBridge Advisors, Permal and Batterymarch Financial Management.
Earlier in March, it announced expansion plans to open three offices in Hong Kong, Taiwan and Singapore. Johnson has identified the three Asia markets as the key growth areas for Legg MasonÆs business in coming years. The group has an existing platform acquired from Citigroup Asset Management in 2005.
According to market sources, Marcel de Bruijckere, the regional head of LDI investments and structuring will oversee ABN Amro's Singapore operations until a suitable replacement is found for Lim.
Hong Kong’s Mandatory Provident Fund recorded investment losses for 2021 as local and mainland Chinese equities underperformed, but experts eye other headwinds for the coming year.
One of Hong Kong's biggest family firms, New World Development, plans to beef up its ESG vision, leading the way for other family offices and family firms in the region.
Nature loss across Asia will profoundly damage economic activities that rely on natural capital, according to several recent studies. Investors need to act.
Nuveen’s Simon England-Brammer discusses the firm’s investment outlook, identifying the opportunities and risks across a range of asset classes.