JP Morgan AM eyes Asean retail expansion

Having built a retail business in Singapore over the past three years, JP Morgan Asset Management is now looking to extend its mutual fund offering across other markets in Southeast Asia. The firm now has over 40 distribution partnerships in the Lion City across banks, insurers and IFAs, noted Steven Billiet, who was named Singapore chief executive in February to succeed Andrew Creber. It still has some work to do to catch up with the leading retail players in the city-state, but …