Federated eyes specialist acquisitions, hires
The US firm’s Asia-Pacific CEO, Craig Bingham, is exploring options including a multi-boutique structure as well as organic growth. The firm also aims to expand in fixed income.
US asset manager Federated Investors is on the look-out for acquisitions in Asia-Pacific and plans to base fixed income specialists in the region as it steps up efforts to expand globally.
Just last week the Pittsburgh-based firm, which has $356 billion in AUM, announced it had hired Craig Bingham (pictured) as chief executive of its fledging Asian subsidiary. That office is due to open in Melbourne within the next two weeks as a new regional headquarters.
Bingham tells Asian…
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