Matthews Asia has appointed Wang Yu-Ming to the newly-created position of president and global chief investment officer, according to a statement from the firm.
Based in San Francisco, Wang will be responsible for the leadership and oversight of the firm’s investment team and serve as a member on Matthews Asia’s executive committee.
The statement noted that Robert Horrocks will continue in his role as chief investment officer and portfolio manager, with no changes to his day-to-date responsibilities.
While both Wang and Horrocks have the title of CIO, Wang will not have any portfolio management responsibilities, according to a Matthews Asia spokesman.
Horrocks is co-manager of the firm’s Asia Dividend and Asia-ex Japan Dividend funds.
Following the appointment, Horrocks will report to Wang, the spokesman said. Meanwhile, Wang will report to Bill Hackett, the firm’s CEO.
“I look forward to partnering with [Wang] on developing the long-term strategic plan for the investment team so that we remain positioned for future growth,” Horrocks said in the statement.
Before Matthews Asia, Wang was Nikko Asset Management’s deputy president and global chief investment officer, according to the statement. He has 34 years of financial and investment experience, including the last 12 years managing investment teams in Asia-Pacific.
Headquartered in San Francisco, Matthews Asia manages $25.6bn in assets, according to the statement. It has offices in London, Hong Kong, Shanghai and Singapore.
In Hong Kong, the firm has nine SFC-authorised funds for retail distribution, according to data from FE Fundinfo. In Singapore, the firm has three funds available to accredited investors.
