Schroder Investment Management in Singapore has teamed up with Maybank Asset Management Group (MAMG) to jointly develop investment products for wealthy investors in Malaysia.

To mark the start of the alliance, the companies will roll out the Global High Dividend Equity Portfolio and Global High Conviction Portfolio this month.

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MAMG unit Maybank Asset Management Malaysia will be responsible for managing the new offerings, while Schroders Singapore will serve as the investment adviser.

Schroder Singapore CEO Susan Soh said: “We believe our ability to combine the key tenets of asset management and wealth management offers a differentiated value proposition to MAM Malaysia’s clients.”

The two parties intend to extend their partnership, with plans to develop solutions across other asset classes. These include Shariah-compliant investments and private assets, which are expected to be launched next year.

MAMG CEO Badrul Hisyam said: “By integrating our strength in local wealth management with Schroders’ global investment capabilities, the resulting synergy will allow us to deepen our foothold in the Malaysian wealth market, through dedicated offerings designed to achieve investors’ desired outcomes.”

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In a separate move, Schroders appointed Amy Cho as the new CEO for its Hong Kong business, replacing Chris Durack.

Cho, who joins from Pictet, will assume the new responsibility on 3 December 2018. At the same time, she has been appointed as the regional head of intermediary clients, a newly-created position.

At Pictet, Cho held the roles of managing director, regional head of business development for the Asia-Pacific region ex-Japan and general manager for Hong Kong and Taiwan.

Meanwhile, Durack has now been appointed as the CEO of Schroders’ Australia business. He will also continue to manage the institutional business in the region.