In case you missed it (17 May 2019)

Latest News

Capital Group hires First State’s global head of marketing; ASI bolsters ESG team; Former GIC exec joins alts robo-advisor; East Capital partners with LatAm manager; Malaysia’s Affin Hwang launches global multi-asset fund; and more…

FROM THE PRESS RELEASE DESK THIS WEEK…

 

People moves

Capital Group has appointed Heidi Sutton as Singapore-based managing director for Asia marketing. Sutton will be responsible for leading and defining overall marketing strategy and plans for priority markets in the region and will report to David Cowdell, managing director for Asia and Europe marketing. Before Capital Group, Sutton was the global head of marketing at First State Investments. Before that, she led marketing in Asia for JP Morgan Asset Management and Goldman Sachs Asset Management…

Aberdeen Standard Investments has appointed Bill Hartnett as London-based ESG director. He will be responsible for supporting investment staff in emerging markets and Asia-Pacific with ESG investing, including analysing long-term factors involving companies’ ESG management and performance, as well as the effectiveness of governance structures. He will report to Euan Stirling, global head of stewardship and ESG investment. Before ASI, Hartnett was previously the head of responsible investment at Australian superannuation fund, Local Government Super

Singapore-based Xen Technologies, which provides a robo-advisory platform investing in alternative asset classes, has appointed Bernard Phang as an advisor to the firm. Phang will focus on advising and providing feedback on Xen’s business and growth strategy. Before Xen, Phang was the managing director at the Government of Singapore Investment Corp (GIC) and head of strategic planning and research at GIC Real Estate. Xen has been growing its team and strengthening its advisory board in Asia. This includes the appointment of Huh Yong Hak as an advisor earlier this year, who was the former CIO of private market and direct investment at the Hong Kong Monetary Authority

Jupiter Asset Management has appointed Phil Wagstaff as global head of distribution and member of the executive committee. He will replace Nick Ring, who will be leaving the firm after four years in the role to pursue other opportunities. Before Jupiter, Wagstaff was previously at Janus Henderson, where he was global head of distribution. Before that, he held senior distribution roles at Gartmore, Newstar and M&G…

Business moves

Emerging and frontier markets specialist East Capital has entered into a new investment advisory partnership with Latin America-focused asset manager Credicorp Capital Asset Management to boost East Capital’s insight on Latin American economics and markets. Under the partnership, Credicorp Capital, which has $20bn in AUM, will be providing advisory support on the current macroeconomic and political environment, as well as detailed and timely analysis of target investment and divestment opportunities.

Affin Hwang Asset Management has launched a multi-asset fund that provides global exposure to investors. The Smart Invest Portfolio – Growth, is also the first in a series of zero front-end load funds lined up by the firm that waives the initial sales charge. The fund aims to provide investors with income and capital growth over the medium to long-term period through a portfolio of collective investment schemes. Structured as a fund-of-funds, the product will cover multiple asset classes, regions and managers…

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