Asia/UK - Baring Asset Management has appointed Wayne Shum to the newly created role of head of institutional business for Asia.
Shum, who joins from HSBC Global Asset Management (Hong Kong), will be responsible for sales and business development across the institutional client base, including sovereign wealth funds, government and private institutions and pension-related prospects in Asia excluding Japan.
He continues to be based in Hong Kong and will report to Gerry Ng, head of sales, client service and business development, Asia ex Japan.
"We are very pleased to welcome Wayne to Barings," said Ng. "His impressive breadth and depth of experience and his knowledge of the client base will be particularly valuable in delivering Barings' areas of expertise to the Asia ex Japan institutional market.
"This senior role will build on the progress we have already made in this market and ensure the continued growth of the business. Asia Pacific has long been a core business area for us, indeed Barings was one of the first asset management houses to open an office in Hong Kong way back in 1976 and as at 30 June 2010 we manage £5.6bn ($8.8bn) in assets from clients in this region."
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