Tiong Seng Lee was named business head for Asia by Stone Harbor Investment Partners and will open a Singapore office for the fixed-income boutique.
A news release Thursday said the firm's first office in Asia was a sign of its strategic commitment to serve its “growing base of international clients” in the region. Paul Timlin, a partner responsible for international business development and client service, wasn't immediately available to say how much of the firm's $29.2 billion under management as of Oct. 31 came from Asian clients.
Mr. Lee had been managing director and CEO for Morgan Stanley Investment Management, Singapore. Erica Platt, spokeswoman for Morgan Stanley Investment Management in New York, couldn't immediately be reached for comment.
Wei Kai Lee also joined Stone Harbor as a senior client relationship manager in the Singapore office responsible for business development and client service, according to the news release. He had been an associate director for institutional business, pan Asia, for UBS Global Asset Management in Singapore. UBS Global spokesman Kris Kagel didn't immediately have information regarding plans to replace Mr. Lee.