Invesco and JFAM build up in institutional sales
Fund management firm Invesco is expanding its institutional development business in the region, and is said to have hired Desmond Ng in Hong Kong in the new position of head of institutional sales for Asia ex-Japan.
The regional role will focus on Greater China but will also require building institutional business in Korea, Singapore and Taiwan.
The new position is the culmination of a recent building drive at Invesco, which recently hired Patrick Liu, previously sales director at Reuters, to cover Chinese institutions, and Piau Lim from Vanguard in Singapore to head up institutional sales in Southeast Asia.
Ng is said to be leaving JF Asset Management for the Invesco sales role, leaving several gaps to fill over at JFAM. A company spokesperson says the firm will use the opportunity to conduct a serious review of the firm's regional structure, and that replacement hires have not yet been made.