The UK fund house has continued its regional buildout by hiring a senior executive from Samsung Asset Management to head the branch, with a focus on institutional clients.
The equity growth and income fund is one of four products due for launch in the next month; they will be the first funds run by its regional investment team.
Eastspring opens London sales office, Threadneedle bulks out Asia equities team, JP Morgan hires DBS exec, State Street hires ex-BNP MD and HSBC names head of Asian SWFs.
The firm has lost four in Singapore including its CIO and two PMs. But it has signed an MoU to acquire an Asian equities boutique with seven investments staff based in the Lion City.
The UK fund house is looking to install an Asia investments team in a drive to build its presence in the region. It is also considering launching a sharia-compliant fund range.
The Asia-Pacific chief of ING IM is to depart, with reports indicating that Ameriprise, the parent of Threadneedle AM, has pulled out of negotiations to buy ING IM's Asia platform.