New appointments for Friends Provident International and Russell Investments
New Hong Kong manager for FPI
James Lai-Hing Tan has been appointed as General Manager, Asia & Middle East at Friends Provident International (FPI). Tan will be based in FPI's Hong Kong branch and will be responsible for activities throughout Asia and Middle East, reporting directly to John van der Wielen, CEO International at Friends Life.
Commenting on the appointment, John van der Wielen, CEO International at Friends Life said: "This appointment reflects the desire of Friends Life to more closely align the structure of the International Division with our core markets, which is central to our future strategy. Mr Tan speaks three languages, and has worked in several different countries around the world reflecting the diverse geographic make-up of our business."
Tan, originally from Singapore, has a Master's Degree in Actuarial Science from Georgia State University and an MBA from the University of California and the National University of Singapore. He has 18 years' experience in the insurance and banking industry and has worked in the US, Singapore and Hong Kong including seven years as Global Head of Bancassurance at Standard Chartered. His most recent role was as Group Head for AIA's partner distribution business based in Hong Kong. He speaks English, Mandarin and Cantonese.
The International business of Friends Life Group operates from eight offices across the globe and has over 1,100 employees. It comprises all the non-UK business operations of the Friends Life Group. These include the Luxembourg-based Lombard International Assurance and Friends Provident International that have operations in Luxembourg, Germany, United Arab Emirates, Singapore and Hong Kong.
Russell Investments appoints JK Capital Management
Russell Investments has appointed JK Capital Management to provide discretionary investment services for their new Irish-domiciled open ended multi-manager emerging markets fund, the Emerging Markets Extended Opportunities Fund.
Portfolio manager for the Russell Emerging Markets Extended Opportunities fund, Scott Crawshaw,said: “There has been a great deal of change in the world of emerging markets investment over the last few years and clients are looking to further diversify portfolios into less efficient segments of the asset class. Choosing the best money managers for a particular product and putting them together in the best way for investors are two of the key levers in our multi-asset solutions. We have launched this fund with an initial line-up of seven managers including JK Capital.”
JK Capital Management is a Hong Kong based fund Management Company, affiliate of La Française AM. It is owned by Randolph Kwei, a well-known local investor, and by Fabrice Jacob, a fund manager who moved to Hong Kong 17 years ago. Out of the four long-only open-ended equity funds currently managed, two of them enjoy among the longest and most successful track records available on the market.
Within the Russell multi manager fund, Fabrice Jacob, fund manager, will replicate the equity value oriented investment strategy of LFP-JKC China Value fund, within the investment guidelines set by Russell Investments. JK Capital Management targets value companies that are not on the radar screens of most sell side analysts, rarely represented in the indices and therefore trading with lower multiples than the indices.
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