City Financial Investment Company, a London-based independent investment manager, has appointed Philip Kay as head of Asia, a newly created role.
In his new role, Kay will be responsible for overseeing the firm’s operations in Asia. He will be based in London.
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Kay joined City Financial in 2012 as portfolio manager of the offshore non-retail Japanese equity funds, Akamatsu Fund and Akamatsu Bonsai Fund, which he will continue to manage. He has over 17 years of experience in global equity platforms in the Asian markets.
As part of the move, the firm is set to launch its City Financial Japanese Opportunities Fund on 16 December 2013.
The Japanese equity UCITS fund will be managed by City Financial manager Peter Nicholas, who has over 25 years of experience in managing Japanese equity funds, including eight years working in Tokyo.
City Financial said that Kay’s appointment follows the recent hire of Geoffrey Barker and his team to manage its new Asian macro fund which is scheduled to be launched in Q1 2014.
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By GlobalDataAndrew Williams, CEO of City Financial, said: "With Kay’s extensive knowledge of the Asian markets, we felt this was a natural progression of his role at City Financial as we continue to expand our Asia proposition.
"The launch of the Japanese Opportunities fund in addition to the Asian macro fund reinforces our commitment to the region and to providing the best investment opportunities for our clients."
