British asset manager Legal & General has relocated a top executive from London to Singapore to cover fixed income in the region.
Legal & General (L&G) has appointed Uday Patnaik as head of Asia fixed income and global head of emerging market debt, according to a statement. He will relocate from London to Singapore for the new role.
Patnaik first joined L&G’s asset management division in April 2014 as head of emerging market debt and has led the development of the firm’s capabilities in the asset class within the active fixed income team. Prior to that, he worked at Gulf International Bank and Bear Sterns in London as well as Merrill Lynch in New York.
«We are thrilled to welcome Uday to our Asia team. He joins us at an exciting time as we continue to develop our footprint in the region to meet client demand for our high-quality fixed income investment solutions with different risk-return profiles to suit a range of investor needs,» commented Natasha Mora, managing director, Asia, asset management, L&G.
L&G was established in 1836 as a financial services provider in the UK and within its investment management business, it has $1.4 trillion in total assets as of 30 June 2024.
