The UK fund house is eyeing entry into Thailand, but has no plans as yet to make use of Asian passport schemes, put investment staff in the region or enter Singapore retail. But it is seeking a salesperson.
The UK fund house has added a new role to focus on distribution via private banks. It is promoting several top-quartile strategies, but admits to August redemptions.
The London-based asset manager is looking to sign up 3-4 retail distributors in Asia over the next year and will hire another salesperson for Singapore. Its CEO tells AsianInvestor he is also keen to move into EM debt.
Asia-Pacific head Peter Swarbreck says the firm is putting increased emphasis on emerging markets, with a new head of EM equity set to join. In Hong Kong he has hired a compliance officer.
The UK fund firm is adding a compliance officer and marketing manager in its new office in Hong Kong as it seeks to get its brand better known in the region.
The UK asset manager now has four staff in Hong Kong and is seeking a fifth as it prepares to move into permanent offices in the city and works on distribution agreements.