Macquarie AM Hires Wealth Executive in Singapore
The asset management arm of Macquarie has hired a 20-year veteran in Singapore to support its Asia wealth business.
Macquarie Asset Management has appointed David Chang as head of wealth distribution, Asia, according to a statement, based in Singapore. In the newly created role, he will work closely with the firm’s global network to expand the wealth offering in the region.
Chang has over 20 years of wealth management experience, joining from Lord, Abbett & Co. LLC, where he was the head of Asia for business development. Prior to that, he also worked at J.P. Morgan Asset Management and Goldman Sachs.
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Macquarie Asset Management has been operating in Asia since 1995 and is active in eight markets within the region, including Hong Kong and Singapore. According to the Australian asset manager, global wealth channels are expected to contribute an increasing amount of capital towards its private markets platforms in the coming years.
«We are seeing significant demand from Asian wealth clients for access to alternative assets, as they seek to diversify their portfolios,» commented Kimberly LaPointe, Macquarie Asset Management’s head of wealth. «David will play a key role in expanding our wealth strategies in Asia through existing and new partnerships with wealth management firms in the region.»
