The emerging market affiliate of Legg Mason has appointed investments staff in London and is looking to expand in Hong Kong, while adding further EM and Asia ex-Japan strategies to its stable.
The alternatives arm of asset manager Vontobel aims to hit capacity for the product within five years with the help of sales through private banks in Asia.
Legg Mason's Esemplia, Morgan Stanley Investment Management and Vontobel will each run a $250 million global emerging-market portfolio, the state entity’s first GEM mandates.
Wu will run Greater China sales out of Hong Kong, replacing David Yuan, as the Zurich-based firm chalks up two recent mandates and registers three more funds in Taiwan.