The responsible investment firm is bolstering its distribution team to meet the increasing demand in Asia Pacific for its investment and engagement capabilities.
Asset manager Federated Hermes has made a pair of senior appointments to strengthen its presence in the region, with Alex Ng and Mark Coppell joining its Singapore office as head of wholesale distribution, Asia, and director of global liquidity, Asia Pacific, respectively.
Ng will join the firm in November from Aberdeen Standard Investments (Asia), where he is responsible for the distribution of firm-wide capabilities to banks and family offices regionally. He takes on the newly created role to cater to the increased appetite from wholesale clients for the firm’s sustainable investment products, Federated Hermes said in an announcement.
Mark Coppell, Director, Global Liquidity, Asia Pacific, Federated Hermes
Coppell (pictured above), who joined the company in 2017 after five years at J.P. Morgan, was a client relations manager based in London. His new role will focus on the firm’s global liquidity product offering.
Regional Growth
The firm also appointed Gary Horton as head of distribution for Australia and New Zealand, where it has seen strong interest and business growth in recent years, and established a full regulated corporate subsidiary in Australia – a move it called a «firm commitment» to clients there.
Sydney-based Horton, who was previously Janus Henderson's Australia head of institutional business, will be responsible for raising third-party assets and delivering new business targets across both countries. Horton, along with Ng and Coppell will report to Jakob Nilsson, head of distribution, Asia Pacific.
«Federated Hermes has established a detailed and phased growth plan for the Asia-Pacific region which seeks to target key markets where our existing presence and capabilities will enable us to be successful,» Harriet Steel, Federated Hermes' head of business development, said in the statement.
Federated Hermes was formed in 2018 when U.S. based Federated Investors acquired a majority stake in the U.K.'s Hermes Investment Management. As of June 30, 2020, the firm had $629 billion in assets under management.
