Fullerton, the Singapore fund house under state-owned Temasek, said the appointments are intended to strengthen the leadership team as the firm grows operations.
Ken Goh was poached from CIMB Principal Asset Management to lead the equity team.
He was the regional CIO and regional head of equities, as well as the Singapore office CEO of Malaysia-based CIMB Principal, where he spent about ten years. Prior to that, he worked in several firms, including Allianz Dresdner Asset Management and Philip Capital Management.
As the head of equities at Fullerton, he will have overall responsibility for managing the equities team in Singapore as well as overseas.
The previous head of equities, Choo Jee Meng, will take on the role of head of Asia equities, a spokeswoman added.
A second hire is Vincent Chan, who was lured over from Schroders for the newly created role of co-head of multi-asset. He is responsible for leading Fullerton’s efforts in multi-asset investment strategies, with a focus on the wholesale channel.
Another co-head, Gerard Teo, will focus on the institutional segment, according to the spokeswoman.
The appointment aims to help Fullerton expand its multi-asset offering for the wholesale business, which includes retail as well as the retirement segments, the firm said in the statement.
Chan joined Schroders as Asia head of multi-asset products last year. Before that, he worked at NTUC Income starting 2013, where he managed the asset allocation and external fund managers teams.
The third appointment is internal. Ong Guat Cheng has been promoted to head of fixed income, succeeding Patrick Yeo, who is the current head of the fixed income team and was promoted to CIO in November last year after the exit of CEO and CIO Manraj Sekhon.
Ong has been in the firm for 14 years and she is the lead portfolio manager of Fullerton’s local currency bond strategies.
In her expanded role, Ong will lead portfolio managers and analysts in Singapore and China, and have investment oversight of all fixed income strategies, the firm said.
All of the three asset class heads will report directly to CIO Patrick Yeo.
