The firm is seeking to strengthen its team, reasoning that the great rotation is a reality and that Asia’s aging society requires better income security.
The manager has received a cross-border investment advisory licence and is targeting yield-starved asset owners, having hired a new head of institutional sales for the country.
The firm hires Mahesh Fonseka for its institutional sales and marketing team based in Hong Kong as it strives to double regional assets to $80 billion within five years.
The asset manager has just fulfilled its initial $200 million QFII quota and is already mulling its options for a second bite of the cherry, its Asia chief confirms.