Threadneedle Investments snaps up leading Asian equities team
02 October 2013
Category: News, Asia, Singapore
By Asia Asset Management
Threadneedle Investments has appointed Soo Nam Ng as head of Asian equities (Asia), along with four additional prominent hires adding significantly to the firm’s capabilities in the region. All five members of the new team have worked together during their careers. Bernard Lim joins as senior fund manager, Asia Pacific ex Japan; Christine Seng as fund manager, Singapore and Australia; Weixiong Liang as analyst and Wee Jia Low as senior associate. They will be based in Threadneedle’s Singapore office.
The new team will work closely with Threadneedle’s long-standing Asian equities team of seven headed by Vanessa Donegan, which currently manages £3.6 billion (US$5.82 billion) out of London and Singapore (as at August 31, 2013). The new team will complement the firms established Asian equities team, with the additional resources and expertise in Singapore providing added depth to its overall capability for the benefit of its clients. The Singapore-based team will focus on further building the firm’s offering for Asian investors.
Mr. Ng reports to Leigh Harrison, head of equities at Threadneedle. Mr. Lim, Ms. Seng, Mr. Liang and Mr. Low report to Mr. Ng.
Raymundo Yu, Threadneedle’s Asia Pacific chairman said: “I’m extremely pleased to welcome Soo Nam, Bernard, Christine, Weixiong and Wee Jia to our growing team in Singapore. 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. This is an important strategic milestone for Threadneedle and further demonstrates our commitment to building a truly client-focused business for investors across Asia.”
Mark Burgess, Threadneedle’s chief investment officer commented: “We have a strong team-based approach at Threadneedle, with a culture of open discussion, debate and sharing of ideas to give us a global perspective advantage. We are very much looking forward to the new team joining in Singapore – the breadth of expertise adds a new dimension to our Asian equities investment capability and we look forward to benefiting from their knowledge, insights and experience on the ground in Asia.”
Mr. Ng joins Threadneedle from Nikko Asset Management where he was chief investment officer. Mr. Lim joins from Fullerton Fund Management where he was senior vice president, equities, with responsibility for the firm’s Asia focus mandates. Ms. Seng joins from Nikko Asset Management where she was a portfolio manager and was responsible for an award winning dividend yield fund. Mr. Liang joins from Nikko Asset Management where he was a portfolio manager. Mr. Low also joins from Nikko Asset Management where he was an equity analyst.
Threadneedle established a presence in Asia in 2008 and has offices in Singapore, Hong Kong, Taiwan, Malaysia and Australia. Part of Ameriprise Financial company last year announced plans to expand its Asian business, building on its established presence and considerable investment capabilities, and that of Columbia Management, the US-based asset management subsidiary of Ameriprise Financial.