New York-based Rothschild Asset Management has inked a strategic partnership with Singapore’s APS Asset Management to strengthen their presence across the globe.
Rothschild said that the alliance will improve its position in Asia, while strengthening the US presence of APS.
At the same time, the agreement will allow the two firms to execute general marketing for each other in their respective jurisdictions.
Rothschild CEO Michael Woods said: “This partnership allows us to leverage APS’ network in Asia, while also accessing the niche expertise of a leading investment manager in one of the fastest growing regions of the world.”
APS founder and CIO Wong Kok Hoi added: “We at APS are delighted to collaborate with such a reputable firm who shares the same vision with us. We complement each other in product and geographical coverage as well as people.”
APS, which reported assets of $2.7bn at the end of May 2017, oversees segregated mandates and co-mingled funds. The firm has offices in Singapore, Shanghai, Shenzhen, Beijing, Tokyo and New York. Rothschild Asset Management manages investments covering US securities such as large-cap, small/mid-cap, small-cap, as well as smart beta solutions.