People Moves
Who’s Moving Where In Wealth Management? – L&G
The latest moves, appointments and personnel changes in wealth management in the Asia-Pacific region.
L&G
UK-based investment manager L&G has expanded its team
in Asia with the appointment of Derek Li (pictured) as head of
institutional sales for Greater China, effective early June.
The expanded resource underscores the firm’s international growth strategy, which aims to increase international assets under management (AuM) to more than 50 per cent by 2028. Currently, 44 per cent of the firm’s $1.39 trillion AuM is international.
In this newly-created role based in Hong Kong, which adds regional sales capabilities, Li will focus on institutional clients and prospects across Greater China markets, the firm said in a statement.
Li, who has over 18 years of industry experience in Greater China, was most recently executive director at UBS Asset Management, where he led the China institutional sales team and worked with Sovereign Wealth Funds, pensions, insurances, banks and corporates. He began his career with ICBC as a sales representative in Beijing and Hong Kong prior to moving to the buy-side in institutional sales roles with JPMorgan Asset Management.
L&G, which has served institutional clients in Asia Pacific for over a decade, opened a Singapore office in 2023 to complement the firm’s presence in Hong Kong and Tokyo.