Tan joined M&G on 16 April. He is based in Singapore, and in his new role, he reports to Jonathan Willcocks, global head of distribution at M&G. He will be responsible for coverage of private banks, external asset managers and wealth managers in the region, according to a statement provided by the firm.
Prior to joining M&G, Tan was director of strategic solutions for Southeast Asia at Capital Group. He has 20 years of investment experience, which includes seven years with Templeton Asset Management, where we was director and head of sales for retail distributions in Southeast Asia between 2012 and 2014.
In announcing the appointment, Willcocks stressed that Tan’s experience will help execute the firm’s geographic expansion plans.
Tan will replace Ben Cherrington, who has held this role for the past five years. In a statement, Willcocks credited Cherrington with successful development of the firm’s Asia business during that time.
Cherrington will remain with M&G, but will relocate to the UK later this year. He spoke to FSA earlier about the fee-based model of asset management in the UK.
M&G Asia has $10bn of assets under management. It has 68 employees in its offices in Hong Kong, Singapore, Seoul and Tokyo. The firm’s parent, London-headquartered M&G, manages £298bn ($416bn) in assets and employs 2,000 people in 16 countries.