Published by Asia Asset Management – 9th Oct 2018
Value Partners Group (Value Partners), a Hong Kong-based asset manager, hopes to leverage its newly-established Kuala Lumpur office to launch more investment products for the Southeast Asian market.
Michael William Greenall, managing director of Value Partners’ Southeast Asia business, says the Kuala Lumpur office, called Value Partners Asset Management Malaysia, will be “serve as a hub in Southeast Asia for product development, investment and distribution”.
He adds the company hopes to grow its presence in Southeast Asian countries like Indonesia, Thailand and the Philippines.
“We will be working with partners to distribute our products in Indonesia. For countries like Thailand and Singapore, we are exploring the option of the region’s fund passporting scheme,” Mr. Greenall says.
“On the product front, the Malaysia office will house Value Partners’ Southeast Asia-focused Quantitative Investment Solutions initiatives such as exchange traded funds (ETFs) and new business areas such as Shariah-compliant funds,” he adds.
Mr. Greenall says the Kuala Lumpur office is expected to have five employees by end of this year, and it is expected to double its headcount to ten by the end of 2019.
“We may add more if our assets under management (AUM) grows better than expected,” Mr. Greenall says.
As at end June 2018, Value Partners had AUM of US$17.2 billion.
