HONG KONG - ING Investment Management has appointed Timothy Matson as CIO and director of Asian insurance portfolios for its Hong Kong operation.
As CIO, Matson will oversee investments for insurance, occupational retirement schemes ordinance and mandatory provident fund assets.
As insurance portfolio director, he will be responsible for asset/liability management issues and portfolio design for ING's insurance companies in the Asian region.
Paul Scully, regional managing director at ING Investment Management, said: “We have made significant commitment to the Asia-Pacific region and this appointment is testimony to our ongoing investment and expansion.
Matson was previously CIO for an Aetna International subsidiary in Kuala Lumpur, Malaysia. Prior to joining Aetna International, Matson was with Aetna's money management subsidiary, Aeltus Investment Management. At Aeltus, Matson managed both life insurance and guaranteed product portfolios.
Matson's appointment follows those of Chris Ryan as regional director for North Asia, and Maria Reyes as regional credit manager, Asia-Pacific. Ryan has replaced Philip Hsin while Reyes has taken over from Douglas Forman.
“As a global institution we recognise the importance of each local market that forms our Asian network and understand the value of bringing together an international team with diverse regional experience,” concluded Scully.
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