Nikko AM in brace of new hires
31 July 2013
News, Asia, Australia, Singapore
By Asia Asset Management
Nikko Asset Management announced on July 30 the appointment of several strategic hires across the group as part of its ongoing Asian growth strategy. In Australia, James Alexander joins Tyndall AM as deputy head of fixed income, while at Nikko AM Asia in Singapore, Winson Fong joins as head of China strategies, Shivaz Rai joins as investment director for Asian fixed income and Tian Sing Wee joins as risk manager. These new additions to the investment team serve to broaden Nikko AM’s investment capabilities and strengthen the group’s key areas of expertise in Asia Pacific equities and fixed income.
Yu-Ming Wang, who started as international chief investment officer earlier this year, has been integral to Nikko AM’s plans to build on its global investment team, which now includes well over 250 people across 11 regions (including 100% of minority joint ventures). Mr. Wang, a veteran fixed income and Asia markets specialist, is focused on augmenting Nikko AM’s reputation as an award-winning Asian investment powerhouse and has further plans to enhance the coverage and capabilities of the investment team globally. Mr. Wang was with Manulife in Taiwan prior to his re-location to Tokyo to take up the new assignment. He told Asia Asset Management earlier this year that the firm has a strong suite of products, but that the capabilities were not well appreciated: “I want to ensure that we get the right message across to our audience.”
“Nikko AM has a plan for continued growth across the Asia Pacific region and I am pleased to support that with these strategic new hires to the investment team,” commented Mr. Wang. “These very talented individuals will boost our capabilities in some of the key areas of focus that our clients have demanded from us. As long as volatility in the Asian and global markets remain, we see continued demand for alternative sources of income and low volatility investment products that have a real handle on risk. James, Winson, Shivaz and Tian Sing will add valuable expertise to our award-winning investment teams.”
Mr. Alexander, who has been active in the financial markets for more than 24 years, has a career that spans research, trading and fixed income portfolio management. As deputy head of fixed income, he will assume responsibility for the day-to-day management of the fixed income team and oversee Tyndall’s fixed income process. Mr. Alexander will report to Roger Bridges, Tyndall’s long-standing head of fixed income.
Mr. Fong, a China markets veteran and previous winner of several Lipper Fund Awards, has been managing equity portfolios for close to 27 years, including regional Asia-Pacific portfolios, Japan equities, and China, Hong Kong and Taiwan equities. He will be responsible for the Greater China equities team, covering onshore A-shares mandates and related product development. He will also work closely with the existing Asia Pacific equities team in Singapore to deliver market insights and generate high conviction investment ideas. Mr. Fong joins from Lion Global Investors Limited in Singapore.
Mr. Rai, who joins from Alchemy Investment Management in Singapore, has 15 years of investment experience, covering equities, fixed income, currencies and convertibles. He has extensive knowledge of the fixed income markets, including public and private debt instruments, bank loans, forex and swaps. As investment director, Mr. Rai will be responsible for Asian local currency and rates and Asian credit strategy inputs.
Mr. Wee is a risk and performance management specialist, with 13 years of work experience. He joins from the Government of Singapore Investment Corporation where he was responsible for the analysis and attribution of key portfolio risks. In his new role as investment risk manager, Mr. Wee will be responsible for assessing the aggregate investment risk profile at Nikko AM Asia as well as evaluating product risk management and market-related risk exposures.
Messrs. Fong, Rai and Wee will report directly to Eleanor Seet, president of Nikko AM Asia.
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