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Threadneedle hires five for Asian equity push
by Nick Tay on Oct 01, 2013 at 12:47
Threadneedle Investments has raided Nikko Asset Management to hire a four-strong team of investment specialists, which has been complemented with a separate hire from another rival firm.
The hires include former Nikko AM chief investment officer Ng Soo Nam, who has taken the post of head of Asian equities (Asia) at Threadneedle's Singapore office. He is joined by former colleagues Christine Seng, fund manager specialist for Singapore and Australia, analyst Liang Weixiong and senior associate Low Wee Jia.
The group has also hired Bernard Lim from Fullerton Fund Management where he was senior vice president, equities, responsible for the firm’s Asia focused mandates.
The five will complement Threadneedle's seven-strong London-based Asian equities team, headed by Vanessa Donegan, which manages £3.6 billion out of London and Singapore as of end-August 2013.
Ng will report to Leigh Harrison, head of equities at Threadneedle, while Lim, Seng, Liang and Low report to Ng.
Commenting on the new hires Raymundo Yu, Threadneedle's Asia Pacific chairman, said: ‘Soo Nam has earned a reputation as one of Singapore’s most talented fund managers and he brings formidable experience both as an investor and in building and developing investment teams.
'All five of the team members bring substantial knowledge and Asian market experience to Threadneedle and having worked together before they give us a very strong established team capability.’
Threadneedle established a presence in Asia in 2008 and has offices in Singapore, Hong Kong, Taiwan, Malaysia and Australia. Part of Ameriprise Financial, the company last year announced plans to expand its Asian business.
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