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February 24, 2014updated 04 Apr 2017 2:29pm

RBC Global Asset Management expands Asian equities team

RBC Global Asset Management (RBC GAM) has expanded its equities business by appointing Tomonori Kaneko and David Soh as equity analysts, and Clement Cheng as equities trader at RBC GAM (Asia) Limited in Hong Kong.

By Verdict Staff

RBC Global Asset Management (RBC GAM) has expanded its equities business by appointing Tomonori Kaneko and David Soh as equity analysts, and Clement Cheng as equities trader at RBC GAM (Asia) Limited in Hong Kong.

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  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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Kaneko will oversee the Japanese market and will report to Nallamala, while Soh will be responsible to cover the Asia-Pacific ex-Japan region.

Cheng will be supported by Helen Loke to work on RBC GAM Asia’s new dealing desk.

Kaneko joined RBC GAM Asia from Marshall Wace where he served as a senior analyst and junior portfolio manager for Japan equity strategies for retail and institutional clients. Soh joined from Credit Suisse where he specialized in quantitative investment strategies for institutional fund managers focused on Asia-Pacific ex-Japan.

Cheng, with over seven years of experience in trading the regional markets, has joined RBC GAM Asia from Harvest Asset Management, where he was responsible for covering equities and derivatives primarily in Asia.

Mayur Nallamala, head of Asian equities at RBC Global Asset Management (Asia) Limited (RBC GAM Asia), said: "The new additions to our team in Hong Kong reinforce the commitment we are making in the region as we seek to deepen our international asset management operations. The growth of the team will allow us to offer expanded capabilities to our retail and institutional clients and complement our existing pool of expertise across a wide range of global mandates."

John Montalbano, CEO of RBC Global Asset Management, said: The addition of Tomonori, David and Clement to our investment team in Hong Kong closely follows the addition of 10 global equity specialists to our office in London."

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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