SINGAPORE (30 September 2013) – Eastspring Investments, the Asia asset management arm of UK-based Prudential plc, today announced the opening of its UK office enabling the fund house to take its Asia investment expertise to prospective UK and European investors.
This follows the announcement in April of the establishment of its Luxembourg-based EU management company. Eastspring Investments currently has about US$18 billion (about £12 billion) in assets under management on the SICAV fund platform.
The UK office, a branch of the Luxembourg entity, will take Eastspring Investments’ Asia investment expertise to institutional and wholesale investors. Eastspring Investments is one of Asia’s largest asset managers with more than US$94 billion (about £62 billion) in assets under management which are managed out of the central investment hub in Singapore.
“The opening of our London office is a major milestone for our firm and offers significant growth opportunities. It will allow us to take our proven Asian investment expertise to investors seeking exposure to Asian equities and fixed income,” said Mr Guy Strapp, Chief Executive of Eastspring Investments.
“Asia remains a key destination for investors seeking diversification through value opportunities,” he said.
“Our distribution team will look at extending Eastspring Investments’ relationships with the European offices of global and private banks' in order to distribute our range of SICAV funds. Our institutional sales team will develop relationships with European and Middle Eastern institutions who are planning to increase their exposure to the world’s fastest growing region.”
In line with this, Mr Strapp announced the appointment of two industry veterans, Russell Danby and Gordon Hogarth to spearhead the business.
Mr Danby joins Eastspring Investments as Head of Wholesale Business, UK and Europe. In this new role, Mr Danby will engage with both private and global banks to build product distribution. Mr Danby was previously Vice President, Head of Sales at Capital Group.
Mr Hogarth joins the asset manager as Head of Institutional Business, Europe and the GCC. Previously, Mr Hogarth worked at Affiliated Managers Group (AMG) as Managing Director, Head of European Distribution.
In addition, Eastspring Investments announced the relocation to London of Piers Wheeler, Director of Institutional Business, from the firm’s regional hub in Singapore. Mr Wheeler will help develop Eastspring Investments’ institutional business in Europe and the Middle East. Mr Wheeler joined Eastspring Investments in mid-2012 from AMP Capital where he was Head of Institutional Business in the Middle East.
Eastspring Investments has operations in 11 markets across Asia and investment teams in nine of those, comprising about 300 investment professionals.
For more information on Eastspring Investments, please visit: www.eastspringinvestments.com