EFG AM sets out on Asia buildout, eyes retail
The affiliate is aiming to quadruple Asia AUM within three years and says it has key hires in the pipeline and is also hoping to enter the retail funds market next year.
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EFG Asset Management is seeking to quadruple Asia AUM within three years, with several key hires in the pipeline and plans in place to enter the retail funds market.
The firm, the $7.6 billion affiliate of Zurich-based private bank EFG, has close to $1 billion in the region, where its 18 staff serve professional investors out of Hong Kong and Singapore.
The bank launched its AM unit three years ago, with a soft launch in Asia 18 months ago. This year it secured type 1 (dealing i…
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