LGI pilfers Teo Joo Wah from Fullerton
16 July 2014
Category: News, Asia, Global, Singapore
By David Macfarlane
Teo Joo Wah is to join Lion Global Investors (LGI) as chief strategist, effective July 30. He makes the move following a nine-year stint as head of equities at Fullerton Fund Management Company, an asset management firm that he helped LGI’s current CEO and CIO Gerard Lee transform from the fund management division (FMD) of Temasek in 2003. Before that, he was heading the equities team at Temasek’s FMD from 1992 to 2003. Prior to Temasek, he worked at DBS Bank from 1988 to 1992.
“We’re delighted to have such an experienced investment professional join LGI. With his extensive knowledge of Asian stocks and markets, Joo Wah will further deepen our bench strength,” said Mr. Lee.
In his new role, Mr. Teo will be responsible for all asset allocation calls of the firm’s balanced portfolios. In addition, he will oversee the running of all key portfolio strategies and develop new ones to grow the firm’s business. Reporting to Mr. Lee, Mr. Teo will also help manage the firm’s 50-strong investment division.
LGI, a member of the Oversea-Chinese Banking Corporation Limited (OCBC) Group, is one of the largest asset management companies in Southeast Asia, with group assets under management of S$31.4 billion (US$25 billion) as of March 31. The company is 70% owned by Great Eastern Holdings Limited, a subsidiary of OCBC Bank and 30% owned by Orient Holdings Private Limited, a wholly-owned subsidiary of OCBC Bank.