ASIA - Baring Asset Management has appointed Wilfred Sit as chief investment officer of its Asia business.
In the newly created role, Sit will lead the Hong Kong-based equity team and work with Barings' head of Asian equities Colin Ng and head of Hong Kong China equities Agnes Deng to build on the investment record of Barings in Asian investment markets. The firm manages more than $13bn in Asian equities.
Sit joins Barings from Mirae Asset Global Investments where he was head of Asia Pacific investment strategy and regional chief investment officer - Asia Pacific, before becoming head of emerging markets investment strategy. The move is also a return to Barings for Sit, who was director and latterly head of Asian equities at the firm between 2004 and 2007.
He will be based in the firm's Hong Kong office and reports to head of equities, Tim Scholefield.
Scholefield said: "Asian equities have long been an area of strategic importance to Barings. Wilfred has both breadth and depth of investment experience and knows Barings well. We believe Wilfred brings a strong mix of knowledge and skills that will help us drive the business through the next stage of its growth."
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