Posted inNews

In case you missed it (20 March 2020)

Citi Apac head of ETF sales to join Blackrock; Singapore robo hires from Value Partners; LGT's AUM up 15%; Lombard IM launches "climate transition" strategy; and more...
Newspapers being printed in printing press.

STORIES YOU MAY HAVE MISSED THIS WEEK

People moves

Blackrock has appointed Rimmo Jolly as head of i-Shares for Asia-Pacific, effective 4 May. Based in Hong Kong, Jolly will be responsible for growing the firm’s ETF market share and driving ETF adoptions amongst investors in the region. He will report to Susan Chan, head of the firm and index investment for Asia-Pacific. Jolly is currently Citi’s regional head of ETF and index sales and business development for Asia-Pacific in Japan…

Pimco has hired Theresa Tan as head of South Asia client management and head of the Singapore office, according to a statement from the firm. Based in the Lion City and reporting to Michael Thompson, Hong Kong-based head of Asia ex-Japan client management, Tan will lead the firm’s institutional business in Singapore and broader client engagement across South Asia. Tan was previously at Wellington Investment Management, where she was head of the global relationship group for Southeast Asia…

Singapore-based robo-advisory firm Xen, which focuses on private investments, has appointed Alastair Ding as chief commercial officer. In this newly created role, Ding will be responsible for driving the firm’s business development and sales efforts to further increase assets accessed through the platform. Ding was country head and sales director at Value Partner’s asset management business in Singapore…

Annual results

LGT’s private banking and asset management businesses had net inflows of CHF 13.9bn ($14.19) last year, bringing its AUM to CHF 227.9bn, representing a 15% year-on-year increase, according to the firm’s 2019 annual results. During the year, the firm’s revenue growth was 8%, with a group profit of CHF 308.1m…

ESG

Lombard Odier Investment Management has launched a climate transition strategy. The strategy, which will consist of 40-50 stocks, will invest in companies offering energy efficiency improvement and renewable energy projects. It also targets companies within carbon-intensive industries but are transitioning to practices consistent with a “net-zero pathway”…

Singapore-based 8F Asset Management has raised $358m for a private equity impact investing fund. The 8F Aquaculture Fund is focused on developing a socially and environmentally responsible land-based salmon farming business, which is developed globally. The fund has started to deploy capital to acquire and develop aquaculture facilities in Poland, Japan, France and the US, with plans to develop other sites, including China and Southeast Asia. The investor base for the fund is made up of institutional investors, including sovereign wealth funds, insurance companies, pension funds and family offices. They are located in Europe, Asia, the Middle East, Latin America and the US…

Business moves

Singapore-based B2B robo-advisory firm Bambu has unveiled a new logo and website, according to a statement from the firm. “Previously known as a fintech startup company focusing on Asia markets, now Bambu aims to be classified as a growth stage company with our recent Series B funding of $10m,” the statement said. In addition, the firm will be expanding its services geographically, targeting the Americas, Europe and the Middle East…

Part of the Bonhill Group.