Having hired its first Southeast Asia sales head, Old Mutual Global Investors is eyeing Singapore’s retail funds market and talking to potential partners in Malaysia and Thailand.
Old Mutual Global Investors has recruited Simon MacKinnon to help drive the asset manager's Asia-Pacific expansion. Shanghai-based Mackinnon previously worked at PE firms SMC Capital China and Cinven.
The UK fund house has appointed a regional product and strategy manager and is planning two new retail funds for launch in Hong Kong as part of its expansion strategy.
UK-based Old Mutual Global Investors is installing an Asian equity team in Hong Kong, including a new head, and is bringing the management of two equity funds in-house.
Principal Global Investors is boosting its Asia sales team with an eye on China's RQFII programme and the mutual recognition programme between Hong Kong and the mainland.
Jane Fung is leaving for another role after a decade with Old Mutual Global Investors, as the firm ramps up its expansion plans, including the hire of a new distribution head.
Miranda Poon takes on a broader mandate shortly before the firm is rebranded Old Mutual Global Investors post-merger. It is setting out on a regional expansion drive.