Traub’s title will be managing director of the operation and head of sales.
Most recently Traub had been with Castlestone Management, also based in Singapore, where he had been responsible for Asia Pacific distribution of the company’s global macro, commodities and emerging markets equities products.
As reported, Castlestone was wound up last year.
Prior to joining Castlestone, Traub worked as a private wealth manager, looking after the portfolios of a small group of high net worth clients.
FMG said its decision to open a representative office in Singapore had been influenced by its geographic location, in between the key markets of India, Hong Kong and China, as well as the city-state’s “sound regulatory framework”.
Traub’s appointment is the second FMG has announced in a week. As reported, it also has named Joe Portelli, formerly of Liongate Capital Management, to head up its Malta operations as managing director and chief investment officer, as it prepares to launch a platform for use by third parties interested in cost-efficiently launching their own funds.
FMG was founded in 1989, and was a pioneer in funds investing in such emerging markets as Russia, India, China, the Middle East and sub-Sahara Africa.
In 2010, the company launched an Iraq fund, and April of this year it launched what it says is the first-ever domestic Mongolia fund, which invests exclusively in stocks listed on the Mongolian Stock Exchange.
Privately held, FMG was founded 23 years ago, and says it has more than 5,000 clients in Asia, Europe and South America, with assets under management of more than $200m.
Its operational base is in Malta,and in addition to Singapore and Bermuda, it has a presence as well in Norway and Sweden.
