Aviva Investors' former Singapore CEO is working with ex-Macquarie executive Giles Heyring to establish a multi-family office. Pasha has also set up a financial data management firm.
The Asia equities team and several other executives have left, including Singapore CEO Tahnoon Pasha. But the UK firm has set up a bond-dealing desk in the region and retains its Asia equities capability in London.
The Asian equity and fixed income CEO of Aviva Investors, Tahnoon Pasha, outlines the firm’s strategy amid a streamlining drive, which he says will increase the prominence of its Asia business.
The UK asset manager is attracting Asian institutional clients to new and established strategies, but aims to boost its regional retail AUM and is mulling new products.
Departing Asia-Pacific head Craig Bingham says he is taking time out before deciding on his next move. He will be replaced by global business development director Erich Gerth.
Lim Beng-Eu has joined Aviva Investors to help sell products such as absolute-return and property strategies to Asian institutions.
The UK firm also plans to set up a mainland China business and further build its Asia team in Singapore, including bringing in asset-and-liability management specialists.
The asset manager has hired Manish Singhai and Kevin Talbot as inaugural CIOs for Asia equities and fixed income, respectively. They are keen to differentiate their product offering.
The asset management arm of Canada-based Manulife Financial hires Ronald Chan from Pacific Eagle to replace Tahnoon Pasha.
Tahnoon Pasha will join in July from MFC Global Investment Management with a mandate to hire aggressively.
Investment Outlook Series: Tahnoon Pasha, head of investments for equities at MFC Global Investment Management, says many stocks now offer good dividend yields compared to cash rates.
This is the fourth in a series of Q&As on Asian fund managersÆ investment outlook for 2008.