Vontobel Asset Management has opened an office in Singapore in a move to expand its footprint in Asia.
Besides Singapore, Vontobel AM has offices in Hong Kong and Sydney, according to the firm.
Our sister publication Fund Selector Asia sought more information from the firm, but it was not able to provide additional details about its other operations in Asia in time for publication.
“We have continued to gain additional distribution partners in Asia,” Ulrich Behm, the firm’s Hong Kong-based Asia Pacific chief executive, said. “The opening of our office in Singapore will enable us to further strengthen our activities related to global and regional banks and institutional investors in Asia-Pacific.”
Behm added that the firm is seeing strong demand from global banks in Asia for its higher yielding income products, as well as emerging markets and Asian equities.
Hires
With the opening of the office, the firm hired Benny Gay as Singapore-based head of intermediary clients for Asia and Jeremy Tan as relationship manager for intermediary clients in the region.
Gay is responsible for managing relationships with global banks, as well as intermediary channels, in Hong Kong and Singapore, according to the statement. He has 12 years of relationship management experience in the asset and wealth management industry.
Before Vontobel AM, he was head of private banks and intermediaries at DWS. Before that, he was client advisory to high net worth individuals at Citibank in Singapore.
Like Gay, Tan was at DWS.
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