Federated eyes specialist acquisitions, hires

US asset manager Federated Investors is on the look-out for acquisitions in Asia-Pacific and plans to base fixed income specialists in the region as it steps up efforts to expand globally. Just last week the Pittsburgh-based firm, which has $356 billion in AUM, announced it had hired Craig Bingham (pictured) as chief executive of its fledging Asian subsidiary. That office is due to open in Melbourne within the next two weeks as a new regional headquarters. Bingham tells Asian…