Fund manager Capital Group is augmenting its presence in Hong Kong. The asset manager has registered additional funds for retail investors and expanded the business development team.
Capital Group announced a few weeks ago a distribution agreement with HSBC as a key partner, and earlier this year introduced four funds to retail investors in Hong Kong.
The Los Angeles headquartered investment manager has now expanded its product offerings and further developed its distribution capability.
Nine more Capital Group funds have received approvals from Hong Kong’s securities regulator, bringing Capital Group’s retail offerings for Hong Kong to 13 funds in total, which cover different asset classes in both developed and emerging markets.
Expanded Distribution Team
Complementing the additional funds available in the market, two new Business Development Directors in Hong Kong have been appointed to grow Capital Group’s distribution network, the firm said in a statement to finews.asia.
Reporting to Grant Leon, Managing Director of Financial Intermediaries for Europe and Asia, Christian Leger and Joyce Wong will be responsible for building relationships with financial intermediaries and developing the firm’s business in Hong Kong.
Leger (pictured left) has 14 years of investment industry experience, all with Capital Group, covering a wide array of global and regional financial intermediary clients across multiple jurisdictions in Europe and Asia, including Germany, Switzerland, Singapore and Hong Kong. He is relocating from the company’s Geneva office where he has been a business development director for financial intermediaries across continental Europe.
Wong was previously an associate director of sales at HSBC Global Asset Management in Hong Kong, where she had distribution responsibilities for Hong Kong, China and other Asian markets. Prior to HSBC she was a marketing officer at Société Générale.
