Boutique MIR Investment Management will take over the $363 million mandate from First State Investments amid differing views over capacity constraints.
The international asset manager has hired its first head of business development for the region, Robert James, formerly of First State. He aims to tap Asian institutional investors.
The firm has hired market veteran Helene Williamson to lead a team in London and Hong Kong due to institutional investor demand. It says it will be launching new products in time.
The firm teams up with Cathay Sice to distribute to retail investors in Taiwan. Separately, its former North Asia head of retail fund distribution Joann Ma joins Income Partners AM.
The firm hires a trio of specialists and relocates them from the Netherlands to the city-state, primarily to serve institutional clients but also reaching out to the retail market.
The international arm of Colonial First State Asset Management is seeking to expand beyond its niche of emerging market and Asia ex-Japan equities. It is hiring, and announcements are pending.