UK’s OMGI seeks to expand its APAC presence
19 May 2014
Category: News, Asia, Global, Hong Kong, Singapore, Taiwan, United Kingdom
By Hui Ching-hoo
London-based active manager Old Mutual Global Investors (OMGI) is looking to strengthen its foothold in Asia Pacific, following the firm’s formation via a merger of Skandia Investment Group and Old Mutual Asset Managers two years ago.
Carol Wong, manager director, Asia Pacific of OMGI, said that the firm is developing its presence in the region and aims to grow its AUM over the next three to five years.
Ms. Wong said that OMGI would expand its on-the-ground presence with investment teams, local sales offices, and compliance. It will also increase access to its current range of investment products and strategies, as well as introducing new products in Hong Kong, Taiwan and Singapore.
The firm currently has seven funds authorised in Hong Kong including the Old Mutual Equity Fund and the Old Mutual European Equity Fund. It has also distributed some of its funds in Taiwan and Singapore through private banks and other retail platforms.
The firm is looking to launch customised fund products better suited to local investor appetite, Ms. Wong added.
OMGI had total AUM of more than US$26 billion as of the end of 2013.