Led by Alan Flynn, head of Asia Pacific, LGIM said it will provide index and fixed income solutions to large institutional clients across the region. John Bridges, who has relocated to Hong Kong, will take up the role of head of operations.
Mike Craston, LGIM’s managing director global institutional business, said: “International expansion is a strategic objective for us and Asia is a major element in that strategy.
“As Asian sovereign wealth and national funds continue to seek diversification and place larger allocations overseas, they are increasingly turning to specialist managers with the track record and scale of firms such as LGIM to provide investment solutions.”
The company received its licence from the regulator in Hong Kong, the Securities and Futures Commission, this week and said it will allow it to access clients from across the Asia Pacific region.
In addition to Flynn and Bridges, Janice Wu has been appointed head of Asia Pacific sales and distribution.
