Invesco rebuilding institutional sales team
Invesco has appointed Tina Siu to its institutional sales team in Hong Kong following the recent departure of three executives to join rival US fund house TIAA.
Siu previously worked at Swiss firm Syz Asset Management, which closed its Hong Kong office at the end of 2016, as first reported by AsianInvestor last week. It is understood she will remain in the same city, but may provide support for Southeast Asia as and when required.
Simon England-Brammer, previously head of institutional for Hong Kong, Southeast Asia and Korea at Invesco, left the firm in August to join TIAA with two of his former team members, senior institutional sales managers Kelvin Cheung and Tan Ying Li. England-Brammer and Cheung were based in Hong Kong and Tan in Singapore.
Invesco's Hugh Baker has been asked to relocate to Singapore to cover that market until the firm can secure another senior figure, according to a source.
Invesco declined to comment for this article.
Siu had been with Syz for two years, and before that worked as a director of institutional sales at Swiss & Global Asset Management from January 2008 to September 2014, according to her LinkedIn page. She has also worked as a marketing manager for Citi.
England-Brammer had been with Invesco since April 2003, before which he worked in UK sales at Axa Framlington (at the time Framlington) and and Premier Asset Management.
Tan had joined Invesco in January 2014 from Japan’s Nikko Asset Management, where she was institutional business development director in Singapore, according to her LinkedIn page. She has also worked at Pacific Asset Management.
AsianInvestor could not confirm how long Cheung had been with Invesco or where he had worked before that.
China licence imminent
Meanwhile, Invesco is awaiting an investment management wholly foreign-owned enterprise (IM-WFOE) licence in China, as AsianInvestor reported last month.
This would enable the US fund house to offer investment products to both local and offshore investors. It would be the firm's fourth WFOE, adding to real estate licences in both Shanghai and Tianjin and an advisory WFOE in Shanghai.
On January 3, Fidelity because the first foreign asset manager to receive approval for its IM-WFOE to run private fund management business in China.