Posted inBusiness moves

Singapore Fullerton to open London office

Fullerton Fund Management a wholly-owned subsidiary of Singapore state investor Temasek Holdings is to set up an office in London, and will be shortly applying for a license from the Financial Conduct Authority.
Fund Selector Asia

The London office will be Fullerton’s first outside of Asia, and will enable the company to better look after its UK and European clients, according to an announcement released on Tuesday.

The announcement came alongside of an agreement between the UK and Singapore to deepen their financial and economic cooperation, while boosting the Renminbi market.

UK chancellor George Osborne, who has been visiting Singapore this week said, Fullerton’s decision to establish a presence in the UK “represents a firm vote of confidence in the global strengths of the UK’s asset management industry, and in the UK’s position as the leading centre for investment management in Europe”.

Manraj Sekhon, chief executive and chief investment officer at Fullerton Fund Management said: “Europe has been a key market for us since our founding as an independent asset manager. We have been seeing increasing interest in our Asian and emerging market strategies from institutions in the region.”

“As a gateway to the continent and an important market in its own right, establishing a presence in the UK will further enhance our ability to service our clients and partners there, and allow us to better access business opportunities.”

The Singaporean based investment management firm, which specialises in Asian and emerging market investment solutions, recently also established an office in Japan.

Last November, Fullerton was revealed as the destination of Ian McCullum, the departing chief investment officer of UK fund manager Bedlam Asset Management, which subsequently announced it was winding down and liquidating its fund range. At the time, Fullerton said McCallum would be joining the company “in the new year as a portfolio manager” but did not immediately provide further details.

Fullerton began as an internal fund management unit of Singapore-state investor Temasek Holdings in 1989, before becoming a fully-fledged external fund house in 2003. Fullerton is an investment specialist, with expertise across all asset classes, including equities, fixed income, money market, currencies and alternatives.

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