The private bank is bringing in a bond market veteran as chief investment officer, with the current incumbent set to take on another role.
Asian clients want portfolios with a more balanced global perspective, so the firm aims to leverage its global capabilities and to set up a regional research function in time, says Karl Dasher.
The UK asset manager has hired Rajeev de Mello from Western Asset Management to succeed How Phuang-Goh, who is set to retire from the industry.
Rajeev De Mello is leaving Western Asset in Singapore.
Portfolio manager Rajeev de Mello says he is building exposure back up to corporate bonds and is starting to buy in Malaysia, the Philippines and Korea.
Rajeev de Mello talks about Asian currency appreciation, the appeal of short-term corporate debt and his plans to invest in renminbi bonds issued in China and Hong Kong.