The US multi-affiliate firm, formerly Old Mutual Asset Management, is closing its Hong Kong umbrella sales office as part of a change in strategy amid the Covid-19 pandemic.
The fixed income manager joins the growing list of fund houses to have closed their branches in Hong Kong, but it has kept some staff in the city.
Swiss private bank Syz has called time on its asset management business in the region, closing its Hong Kong office a decade after setting it up.
The $168 billion asset manager has cut its six-strong team in Singapore for commercial reasons, but denies it is exiting the city-state and re-affirms its commitment to the region.
Start up mezzanine finance provider founded by three ex investment bankers goes live in Singapore.