TCW Group has hired a 13-year employee of rival fund house Schroders, Manu George, as chief executive for Singapore and senior fixed income strategist and appointed Jessie Zhang as its new Asia ex-Japan head of investment solutions.
George started at the Los Angeles-based firm this month, according to his LinkedIn profile. The $217 billion fund house declined to comment on whom he had replaced, details of his responsibilities or his reporting line.
As a strategist at TCW, George will seemingly have client-facing responsibilities similar to those he held at Schroders, where he had acted as a liaison between clients and the investment management team.
George had spent 13 years at Schroders, most recently as Singapore-based senior investment director for Asia fixed income. His last day there was March 5, a company spokesman told AsianInvestor.
George's previous role was as Schroders's head of fixed income product management for Europe, the Middle East and Africa.
The London-based firm is in the process of identifying a replacement, said a Schroders spokesman. In the interim, his responsibilities will be assumed by other members of the Asian fixed income team, he added.
In her new role in Hong Kong, Zhang oversees institutional sales. She came in to replace Junjie Watkins, who along with institutional saleswoman Heather Bao moved to Pictet Asset Management to replace Amy Cho in April last year.
Zhang was previously head of institutional distribution for Greater China at BNY Mellon Investment Management, a position she left in November. Eric Yu has since been promoted to replace her.
Joe Marsh contributed to this story.