M&G building Asia presence, targets private banks

As first reported late last year by AsianInvestor, UK-based M&G Investments has been building a sales presence in Asia, with Andrew Hendry heading the region out of Singapore. The fund house obtained its incorporation in Hong Kong yesterday and will be setting up an office and hiring a relationship manager. It hopes to have someone in place within a few months. This will add to the five staff it already has in Singapore’s Marina Bay Financial Centre. The aim is to have a tea…