Old Mutual Global Investors (OMGI) is planning to boost its presence in Asia Pacific region to tap of the growing business opportunity in the region.
Old Mutual Global Investors, director for Asia Pacific Carol Wong, was quoted by asiaasset.com as saying that the firm is developing its presence in the region and aims to grow its AUM over the next three to five years.
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He further explained that OMGI would expand its on-the-ground presence with investment teams, local sales offices, and compliance.
Additionally, OMGI, which was established through a merger of Skandia Investment Group and Old Mutual Asset Managers, said that the company will also increase access to its current range of investment products and strategies.
It is also planning to launch an array of new products in Hong Kong, Taiwan and Singapore. To better fulfill the local investors’ demand, the company is also aiming to release customized funds.
OMGI that had total AUM of over$26 billion as of the end of 2013, currently has seven funds authorized in Hong Kong including the Old Mutual Equity Fund and the Old Mutual European Equity Fund.
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