The latest moves and appointments in the Asia-Pacific wealth management industry.

First Sentier Investors
First Sentier Investors, the firm formerly known as First State Investments, has appointed Marcus Ong as director, institutional business in the Singapore distribution team.

Ong, who reports to Christy Goh, head of distribution for Southeast Asia,.will be responsible for cultivating institutional client relationships across sovereign wealth, central banks, insurance companies, endowments and government entities in the region, the firm said in a statement. 

Ong has spent the last six years at Franklin Templeton, most recently as co-head, institutional business, Southeast Asia. 

The firm manages $174.2 billion in assets for clients (as at 31 March 2022), including pension funds, wholesale distributors, investment platforms, financial advisors and their clients worldwide. It was acquired by Mitsubishi UFJ Trust and Banking Corporation, a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc in August 2019.