LGIM appoints head of APAC index funds
14 May 2014
Category: News, Asia, Global, Hong Kong
By Daniel Shane
Legal and General Investment Management (LGIM), the UK-based institutional asset manager with US$745 billion AUM, has appointed Paul So as head of index funds for Asia-Pacific.
Mr. So, who will be based in Hong Kong, joins from Enhanced Investment Products, where he spent the previous four years as head of beta products. Prior to this, he was a director within Blackrock’s portfolio management group, a position he assumed following the merger with Barclays Global Investors, where he worked previously.
He will report to Ali Toutounchi, global head of index funds at LGIM, as well as head of Asia-Pacific Alan Flynn.
“Paul brings valuable experience of both managing assets and building a portfolio management team in Asia and we are delighted to welcome him to the team. His appointment is an important development for our Asia-Pacific business as we build our asset management capability in Hong Kong to meet the needs of the growing institutional appetite for cost effective index and alternative beta solutions,” said Mr. Flynn, in a statement.
LGIM launched its first index fund in 1986, and says it currently has $444 billion of index AUM.
The asset manager opened its Asia-Pacific headquarters in Hong Kong in July of last year.