The UK fund house has appointed Virginia Devereux Wong as head of its Asia wholesale business in a newly created role. Extending its multi-asset capabilities is on the agenda.
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Recognising a gap in its product suite, the firm is building a packaged solutions business combining internal expertise, most likely centralised in London.
A recent exodus from Chinese and other emerging equities means there is a great buying opportunity, but investors must be selective, says Katie Koch of Goldman Sachs Asset Management.
Heidi Sutton joins JP Morgan Asset Management in Hong Kong in a newly created role to identify strategic initiatives and drive business growth. Goldman Sachs has not yet named a replacement.
The decision to base Sheila Patel in Singapore from next year as head of its international business is to split management between admin and client interests for a growth strategy.
Goldman Sachs Asset Management has appointed Sheila Patel as international head. She will relocate to Singapore and take over Asia Pacific ex-Japan leadership from Oliver Bolitho.
This is despite the strong performance of several EM stock markets this year, as Goldman Sachs's ‘Next 11’ index shows.