Capital Group hires Asia institutional head
The $1.5 trillion US fund house has poached a sales veteran from Hong Kong rival Income Partners, as it sharpens its focus on different client segments.
Capital Group, the Los Angeles-based asset management giant, has hired Shen Tan in Hong Kong to run its institutional business in Asia, excluding Japan and Australia, AsianInvestor can reveal.
Tan started as a managing director on June 1, joining from Hong Kong-based fund house Income Partners, where he was head of relationship management.
A spokeswoman for Capital said the role was newly created.
As managing director for Asia, Thomas Quantrille oversees regional distribution …
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