Alquity Investment Management, the UK-headquartered investment firm, has expanded its Asian business by appointing Mike Sell as head of Asian investments.
In his new role, Sell will manage Indian Subcontinent and Asia funds.
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Also, the firm currently manages the Alquity Africa Fund, which has been run by David McIlroy since 2010 and has seen its assets grow from US$22 million to US$65 million in 2013.
All these three funds are scheduled to launch in March this year, subject to regulatory approval.
Sell joins Alquity from F&C Investments, where he was senior fund manager in the emerging markets equities team.
Sell’s move follows the hire of former Barings manager Roberto Lampl as head of Latin America earlier this month.
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By GlobalDataAlquity’s investment will donate 25% of its net management fees to microfinance projects in the regions the managers invest in.
Paul Robinson CEO of Alquity said: "We will be using the same investment process in Asia and Latin America, using on the ground partners, ensuring the projects we back are transparent and have the ability to let our clients go out there and see the work we are doing.
"The way we approach investing is we look at the environmental, social and governance (ESG) side, looking deeper than just the numbers. It’s about looking at the character and value of the business we’re investing in.
"From an investment point of view, we think there are great frontier market opportunities and because we are smaller, we can go into small and mid caps that larger funds cannot," he added.
