Japan’s Diam Asset Management has made its push into fund distribution in Asia and has moved a senior executive Shin Yamaguchi to Hong Kong as vice-president of marketing and client services to lead the venture.
As part of its Asia diversification drive, the firm will seek distribution deals with private banks and local fund houses, AsianInvestor reported.
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The asset manager has also moved its Asia equity investment team to Singapore, and is looking to appoint a fixed income specialist.
Yamaguchi, who will be based in Hong Kong in the new role, has relocated from Tokyo, where he served as a manager at the global marketing team supporting the Hong Kong office. He reports to head of global marketing Toru Yoshibe.
Under the firm’s new Asia Refocused Strategy, Yamaguchi will work with the firm’s Hong Kong managing director Akinori Han to market the its Asia and Japan equities capability to institutional investors and intermediaries in Hong Kong and China, which includes private banks as well as local fund houses.
Yamaguchi told AsianInvestor that Diam is eyeing partnerships with local fund houses to help distribute its funds to the Hong Kong and China retail markets, and in return the firm can market the local managers’ products in Japan.
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By GlobalData"We have started contacting private banks as we want to diversify our business outside of institutional clients," said Yamaguchi.
The firm has also moved its investment team in Hong Kong, which manages Hong Kong and China equities, to Singapore to create a centralised organisational structure.
The team is led by Toshihiko Takamoto, and covers all Asian equities excluding Japan and Korea, which are managed out of the Japan branch.
