Natixis hires Davy Yuen as head of wholesale distribution for Hong Kong
13 September 2013
Category: News, Asia, Hong Kong
By Asia Asset Management
Natixis Global Asset Management (NGAM) has appointed Davy Yuen as director, head of wholesale distribution in Hong Kong. He started on September 9 and reports to head of wholesale distribution for Asia Pacific and managing director of NGAM Singapore, Madeline Ho, who joined the firm from Fidelity Worldwide Investments in January of this year and is based in Singapore. NGAM’s Hong Kong office opened in 2012, the firm’s fifth in Asia Pacific.
In this newly created role, Mr. Yuen is responsible for new business development and client relationship management across private banks, consumer banks, insurance companies and IFAs, through a broad range of traditional and alternative products offered by Natixis Global Asset Management's platform of affiliates, which includes Natixis Asset Management, Loomis Sayles, Harris Associates and AEW Capital Management, amongst others.
Mr. Yuen joins the firm following six years at Man Investments (Hong Kong) where he was an executive director, responsible for both wholesale and institutional business in the Greater China region. Prior to that he spent time at UBS Global Asset Management, Invesco Asset Management and Janus International, amongst other global brands in the investment industry.
Ms. Ho commented: “Davy brings some very deep and relevant experience which will greatly add value to NGAM’s expansion into the Hong Kong market. Our model of offering clients access to a platform of specialist investment firms, each with a dedicated focus but collectively spanning all their investment needs, is still quite new to Asia but very much appreciated by investors, especially in these increasingly volatile markets. Davy will help us deliver this platform more effectively in Hong Kong and bring clients the tools they need to build more durable portfolios.”
NGAM, which manages US$783.3 billion AUM globally (as of June 30, 2013) and employs more than 3000 people around the world, first established a distribution presence in Asia in Tokyo in 2001 and has since added offices in Singapore, Hong Kong, Seoul, Taipei and Beijing. The region that has been one of the firm’s fastest-growing global markets; Asia-sourced AUM has increased 49% in just over three years to US$24 billion (as of March 31, 2013).