Threadneedle launches Asian operations with Hong Kong debut
Threadneedle, the UK-based fund manager with $125bn (€79.7bn) of assets, has launched its Asian operations with the opening of a Hong Kong office to tap the region's growing demand for fund products, according to a Bloomberg report.
The London-based company hired James Campion from Allianz Global Investors as its Hong Kong-based head of Asia distribution to spearhead its expansion in the region. It plans to add a Singapore office in September, Campion said.
Threadneedle plans to sell its products through a wider group of private banks and insurance companies in one of the world's fastest-growing wealth management markets.
Threadneedle's Hong Kong and Singapore offices may employ seven to eight distribution people in a year's time and add Taiwan as a focus for marketing next year. Its investment professionals will remain in London, Campion said.
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