Published by Asia Asset Management – 28th Mar 2019
US asset manager Capital Group has hired three new personnel, including former Fidelity International investment specialist Priscilla Lau, for senior positions in Asia, which it describes as “strategically important” for the company and declaring “absolute commitment” to the region.
Ms. Lau was named director, product marketing, a newly created role in which she will be responsible for product strategy and delivery, Capital Group says in a statement on March 26.
Based in Hong Kong, she reports to David Orr, managing director, product marketing for Europe and Asia.
Ms. Lau was previously a senior investment specialist at Fidelity International, where she worked for almost nine years. Prior to that she was at HSBC Global Asset Management in Hong Kong, where she was responsible for product positioning and investment communications strategy.
Capital Group also appointed Richard Chan as associate director of financial intermediaries, North Asia, and Grace Yeo as associate director of institutional business, Asia ex-Japan. Both report to Wei Seow, the Singapore-based senior global client support manager.
Asia is a “strategically important region to Capital Group”, according to Thomas Quantrille, the company’s president and head of Asia.
“Our absolute commitment includes building a strong distribution platform to serve investors and ultimately continue to grow,” he says in the statement. “The three new hirees will be an integral part of our efforts to deliver support that aligns with the growing expectations of our clients.”
Mr. Chan, who is based in Hong Kong, will work closely with relationship managers to build the company’s financial intermediaries business, Capital Group says. He previously worked at bond manager PIMCO, where he was an account associate, responsible for providing client servicing to investment counselors.
Ms. Yeo, who is based in Singapore, will be responsible for increasing engagement with consultants and enhancing the company’s existing relationships with institutional clients. She was previously a sales manager dealing with institutional clients at Nordea Asset Management.
Capital Group had US$1.6 trillion of assets under management at the end of 2018.
