H2O Asset Management is in the process of opening an office in Singapore – its first in Asia.
The London-headquartered company has hired Philip Chow as CEO to lead the Singapore office.
Chow joins from Amundi Singapore, where he was most recently the chief investment officer overseeing the investment and business activities in the Asia Pacific region.
He reports to Vincent Chailley, the company’s chief investment officer, for investment purposes.
In addition, H2O has also hired Lhoucine Aderdor as its senior portfolio manager and Alexis Lavergne as its client portfolio manager for the Singapore office.
Aderdor joins from Amundi, while Lavergne joins from Blackrock.
The company said it will further bolster its Singapore team next year to support local operations.
H20’s expansion in Singapore is consistent with Natixis IM’s plans to increase local management as well as expand its product range in the Asia Pacific region, Fabrice Chemouny, head of Asia Pacific at Natixis IM, said.
The Singapore subsidiary, H2O Asset Management Asia, will co-manage assets from London office, as well as expand H2O’s investment universe to include Asian assets.
H2O’s plans to open its Singapore office to serve as its investment hub in Asia follows after the opening of its Paris office.
The Singapore-based subsidiary will mirror the investment philosophy and process of its London headquarter that is co-founded and overseen by Citywire AAA-rated Bruno Crastes, the company’s CEO and Chailley.
H2O primarily specialises in global macro multi-strategy investments and is an affiliate of Natixis Investment Managers.
As of end- September, H2O managed $29.8 billion in assets.