SINGAPORE - Martin Currie Investment Management will open an office in Singapore, as the company continues to expand its presence in the Asian region.
Martin Currie's Melbourne office, led by Asia Pacific country head Kimon Kouryialas, will be the base for the management and support for the expansion into Asia. The firm has also created a new business development role in Singapore and an announcement on the new hire will come shortly, Martin Currie said in a release.
Kouryialas said: "We think our future growth is going to come from Asia. But there is only so much you can do from Edinburgh, and what we've decided especially with Asia where we have significant assets under management is that we really need to be on the ground."
He added: "What has appealed to Asian pension funds over the last few years is a number of equity strategies, with the market developing appetites for the concepts of long only, long short and absolute return investing."
Kouryialas said the firm has already been in discussions with potential Asian pension fund clients about Martin Currie's active equity strategies.
He explained that what has really developed in the Asian pension fund market is the concept of long-term investing, compared to the general view that the Asian market is still based on shorter-term trading strategies. "Our view is that this is no longer the case. You need to have the right strategies and product range to appeal to this market."
He added that as a privately owned firm, Martin Currie has the ability to position its business for the long-term, rather than looking at the short term like many publicly-orientated investment managers.
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