Legal & General (L&G) has announced the expansion of its investment team in Asia with Uday Patnaik, head of Asia fixed income and global head of emerging market debt, relocating to Singapore, effective as of 1 January 2025.
Patnaik’s move to Singapore continues the globalisation of its leading fixed income capabilities with portfolio managers located in key locations worldwide to maximise the capture of investment opportunities and enhance expert risk management for clients, according to a statement by the UK-based asset manager.
Colin Reedie, head of active strategies and co-head of global fixed income, asset management, L&G commented: “Uday’s relocation to Singapore continues the expansion of our investment capabilities in Asia and presence of our active fixed income expertise globally.”
Patnaik (pictured) joined L&G’s Asset Management division in April 2014 as head of emerging market debt and has led the development of the firm’s emerging market debt capabilities within the active fixed income team. Prior to this, he was chief investment officer at Gulf International Bank (UK) Ltd and held trading and institutional roles at Bear Stearns in London and Merrill Lynch in New York, respectively.
Natasha Mora, managing director, Asia, asset management, L&G, said: “[Patnaik] joins us at an exciting time as we continue to develop our footprint in the region to meet client demand for our high-quality fixed income investment solutions with different risk-return profiles to suit a range of investor needs.”
