Legal & General Group hired new heads of wholesale distribution for Southeast Asia and Greater China for its asset management business, as well as a research analyst and ESG analyst based in Singapore, the firm said in a statement on Sept. 2.
All four roles are newly created to support the firm's expansion in Asia, a spokesperson said. The firm opened its Singapore office in 2023.
Aaron Kwan joined the firm as head of wholesale distribution for Greater China in August, while Russell Huang was appointed head of wholesale distribution for Southeast Asia in July. They are responsible for driving client acquisition in the wholesale business in their respective regions, the statement said.
Both Huang and Kwan report to Head of Wholesale Asia (ex-Japan) Gerald Koh, who is also based in Singapore.
Huang was an executive direct at UBS following the merger with Credit Suisse. He advised regional clients on portfolio asset allocation decisions and managed solutions investments.
UBS Asset Management had $1.7 trillion in invested assets, while UBS Global Wealth Management had $4.04 trillion in invested assets as of June 30. A spokesperson did not respond to queries about his replacement.
Kwan was most recently a director for retail distribution at HSBC Asset Management in Hong Kong where he worked for more than 16 years.
HSBC Asset Management managed $712 billion in assets as of March 31. Spokespeople did not respond to a request for comment on Kwan’s replacement.
L&G Asset Management also hired Choong Yew Thong as research analyst from Singapore sovereign wealth fund GIC, which manages an estimated $800.8 billion in assets. He started in the role in August and will focus on regional investment research.
The asset manager also appointed Kate Lim as ESG analyst as part of the firm’s Asia ex-Japan investment stewardship team led by Trista Chen, head of investment stewardship for Asia ex-Japan.
L&G's asset management business had $1.42 trillion in assets under management as of June 30.
