Teo’s appointment is effective from 30 July and he will manage the company’s investment division with a headcount of 50.
Reporting to Gerard Lee, chief executive and chief investment officer of Lion Global Investors, Teo will be responsible for all asset allocation calls of the firm’s balanced portfolios. He will also oversee the running of all key portfolio strategies and develop new ones to grow the firm’s business.
Teo has more than 22 years of investment experience, which includes nine years as head of equities at Fullerton Fund Management Company, a wholly-owned subsidiary of Singapore state investor Temasek Holdings.
He also headed the equities team at Temasek’s fund management division from 1992 until 2008 and completed a stint with DBS Bank.
Recently, Axa Investment Managers poached Lion Global Investors’ chief investment officer Simon Flood as the head of Asia Pacific.
Established as an Asian asset specialist since 1986, Lion Global Investors’ manages Asian equities and fixed income strategies and funds for both institutional and retail investors.
It is 70% owned by Great Eastern Holdings Limited, a subsidiary of Singapore’s OCBC Bank and rest is owned by Orient Holdings Private Limited, another subsidiary of OCBC Bank.
As of 31 March, the company managed assets under management worth $25bn. Out of Singapore, Lion Global has its regional offices in Malaysia, Brunei and China.
