The UK office is a branch of its Luxembourg-based management company, which was established in April, and involves two key appointments.
Russell Darby, formerly vice president head of sales at Capital Group, is the new head of wholesale business and Gordon Hogarth, previously managing director of Affiliated Managers Group, has come on board as head of institutional business for Europe and the Gulf Corporation Council member countries.
In addition, Piers Wheeler, Eastspring’s director of institutional business, is also relocating to London from the firm’s regional hub in Singapore to develop institutional business in Europe and the Middle East.
Guy Strapp, chief executive of Eastspring Investments, said its distribution team will look at extending Eastspring Investments’ relationships with the European offices of global and private banks’ in order to distribute its range of Sicav funds.
The institutional sales team will develop relationships with European and Middle Eastern institutions, he added.
Eastspring Investments currently has around US$18bn (£12bn) in assets under management on the Sicav fund platform. The group as a whole is one of Asia’s largest asset managers with more than US$94bn (£62bn) in assets under management which are managed out of Singapore.
