This news follows the launch of the firm’s Hong Kong office early last year where it now has seven employees. As well as Hong Kong, the company is also targeting customers in Singapore, Taiwan and is aiming to provide sub-advisory service in Japan.
A spokesman from Jupiter said the distribution deals are likely to be with retail banks but could not confirm any names. He said this move towards retail will be “part and parcel of our ongoing branding and advertising activities”, pointing to the firm’s plan to launch a marketing campaign in June.
Over the next three months, Jupiter is also looking to recruit its second salesperson in Singapore.
Unlike Hong Kong where it has a full licence, in Singapore the company can only sell to professional investors through private banks and intermediaries. It said it has no plans in the near future to acquire an asset management licence in the city state.
Jupiter also said it was moving towards emerging market debt, a sector that is currently out of favour and where it therefore sees a surplus of talent.
