Unigestion today announced that it has appointed a non-executive chairman to the board of Unigestion Asia.
Edouard Merette has joined the boutique asset manager in Singapore.
He replaces Bill Foo, who served as chairman for five years and has decided to step down to focus on other commitments.
Merette will be responsible for leading the firm’s strategy for growth in the region, working with Bernard Sabrier, Unigestion’s group chairman and chief executive of Unigestion Asia.
He is currently the managing director, Asia Pacific of Caisse de Depot et Placement du Quebec, one of Canada’s largest fund managers.
He has over 25 years of corporate management experience in Canada, Europe and Asia Pacific.
His past experience includes seven years as chief executive for Aon Hewitt, Asia Pacific and six years as a member of Mercer’s Global Executive Committee, the last year of which he was President, Asia Pacific.
Sabrier said of the appointment: 'With our increasing presence in Asia since establishing our office in Singapore in 2007, we see the region as one of long term growth for Unigestion.
'Edouard’s profile and experience globally, together with his knowledge of the Asian financial markets will help us establish strong relationships with Asian investors.'
Unigestion is a privately owned boutique asset manager, managing $20 billion in client assets.