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Top 10 AM industry moves in 2017

Here are the top asset management job moves that got you talking this year

The asset management (AM) industry saw several senior hires and departures throughout 2017.

In Asia, Fullerton Fund Management, Pimco and Schroders, among others, made personnel changes as they expanded, reshuffled teams or filled up vacancies.

In this gallery, Citywire Asia takes a look at the top ten most read people’s moves stories in this space.

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10. New hires at Aviva Investors

At the start of December, Aviva Investors hired Citywire A-rated Adeline Ng as head of Asian fixed income and Alice Wu as analyst for Asian fixed income. 

Based in Singapore, both hires joined from BNP Paribas Asset Management.

Dan James, global head of fixed income, commented that Asia is a key region for the firm’s fixed income platform, and the new hires underscore the firm’s commitment to growing investment capabilities in the Asian region.

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9. Franklin Templeton’s new hire

Franklin Templeton Investments appointed Simon Coxeter as managing director, head of investment solutions, Asia, with effect from 4 May.

The appointment is in line with strong market interest for multi-asset solutions from both Asian institutions and high-net-worth individuals, Mark Browning, managing director for Asia Pacific said at the time.

Before joining the asset manager, Coxeter was a principal for the investment arm of consultancy firm Mercer.

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8. July moves

A number of appointments and departures were announced in the week of 14 July.

Value Partners lost two managing directors -- Voon San Lai and Albert Teoh.

M&G Real Estate Asia made three appointments, including Tenshin Ito, Richard van den Berg and Robert Walker.

Man AHL re-shuffled its senior management with a number of internal appointments. The new appointments are Antoine Forterre, Citywire A-rated Matthew Sargaison, Nick Granger, Russell Korgaonkar and Kate Straker.

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7. Eastspring launches alts team

Eastspring Investments launched a new alternatives team and hired two new senior executives in October.

Nadir Maruf was named CIO and Duncan Black joined the firm as investment director. The new hires are based in Singapore.

Both joined from Daestrum Capital.

For more details, click here.

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6. NN IP gets Asia CEO

NN Investment Partners hired Gopi Mirchandani as the new CEO and head of client group Asia (ex-Japan) to its Singapore office in January.

Mirchandani joined from Fullerton Fund Management, where she oversaw the sales strategy across certain markets.

Mirchandani is a lawyer by training and was previously a legal counsel with the Monetary Authority of Singapore.

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5. Senior hire at Pictet

Pictet Asset Management hired Andy Wong as senior investment manager within its multi-asset team. The hire became effective on 24 April.

Hong Kong-based Wong was previously with Invesco Hong Kong as a senior fund manager, overseeing multi-asset income mandates for Asian investors.

In his new role, Wong co-manages Pictet Strategic Income, the firm’s Hong Kong-domiciled multi-asset fund.

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4. Schroders names new multi-asset chief

Schroders named Jason Yu as the head of multi-asset product, North Asia.

Hong Kong-based Yu joined the firm from Standard Life Investments (now called Aberdeen Standard Investments following a merger between Standard Life and Aberdeen Asset Management) for the newly-created role, which was restructured by Schroders.

Schroders has now split the Asia role into two subregions. Under the new arrangement, Yu covers Hong Kong, China, Taiwan, Korea and Japan markets, and his counterpart, the South Asia head of multi-asset, who will be based in Singapore, hasn't been appointed yet.

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3. New CEO at Fullerton

Fullerton Fund Management hired Jenny Sofian as its new CEO, replacing former CEO Manraj Sekhon, who left the firm in November 2016.

Since Sofian’s appointment in November, she has lead the development and implementation of Fullerton’s overall business strategy.

Sofian joined the Singapore-based asset manager from Amundi Singapore.

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2. Pimco’s new Asia ex-Japan head

Pimco named Michael Thompson, executive vice president, as head of Asia ex-Japan. 

Prior to taking up the new role, Thompson headed Pimco's Singapore office and the Asia ex-Japan wealth management team.

Thompson is based in Hong Kong for his new role, reporting to Kimberley Stafford, managing director and head of Asia-Pacific.

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1. GSAM reshuffles EM team

Goldman Sachs Asset Management's former CIO and portfolio manager of the global emerging markets and Indian equity strategies, Prashant Khemka, left the firm in April this year.

During his time at the bank, Khemka was a Citywire AA-rated manager. He was a former star manager in the November 2014 issue of the Citywire Private Wealth magazine.

Khemka then went on to launch a new boutique firm called White Oak Capital in Mumbai and Singapore, beginning operations in August. His firm mainly manages Indian equity funds for onshore and offshore investors.

Khemka’s departure caused the restructuring of GSAM’s emerging markets team, including promotions for Basak Yavuz and Hiren Dasani.

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Adeline Ngee Cheng Ng
Adeline Ngee Cheng Ng
27/38 in Bonds - Asia Pacific Hard Currency (Performance over 3 years) Average Total Return: 9.24%
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