EFG International has appointed a new head of investments for EFG Asset Management in Singapore.
Singapore-based Rebekah Chuan (pictured left) will be responsible for developing the investment solutions together with a team of locally-based investment professionals. EFG Asset Management (EFGAM) announced further, that this hire is meant to strengthen the Swiss firm’s position in the region, as the company currently both invests in Asia and has a growing client base there.
Over the last five years EFGAM has increased its capabilities in portfolio management, investment research, sales and infrastructure support in the region.
Desire to Extend Investment Capabilities
Chuan brings 27 zears of investment experience with her to the firm. Prior to her new role, she worked at DBS where she was building the firm’s discretionary portfolio management platform. She was also head of discretionary at HSBC (Suisse) Private Bank in Singapore for ten years, as well as having worked at Newton Investment Management, AXA Investment Management and Aviva Investors.
Commenting on the hire Moz Afzal, global CIO at EFGAM, said Chuan's hire reflects the firm's desire to extend its local investment capabilities. Assesing the opportunities of her new role, Chuan added: «Asian investors are growing increasingly sophisticated and discerning in their selection of institutional and discretionary portfolio management services.»
Waiting for Approval
Currently EFG Bank's Singapore branch is looking for regulatory approval to purchase BSI Bank (Singapore), which was investigated by Swiss regulator Finma in connection with Malaysia’s 1MDB fund.
