Los Angeles-headquartered Capital Group has appointed a managing director for global financial institutions in Asia.

Capital Group has appointed Marketa Dvorak as managing director for global financial institutions in Asia Pacific, according to a statement. Based in Singapore, she will report to Nick Shaw, head of client group for global financial institutions.

Dvorak joins from Wellington Management where she was most recently head of Southeast Asia for its global wealth management group after relocating from London to Singapore in 2015.

«We hear from global financial institutions that they want fewer partners and expect more from their asset manager,» commented Shaw. «We’re committed to supporting our partners across the region to meet their needs and their clients’ financial goals. Asia Pacific is a key growth market for Capital Group where we have been serving investors for more than 40 years.»