In his new role, Hendry and his team will service the growing number of M&G distribution partners in the region, operating from a newly opened office in Singapore’s financial district.
Hendry joined M&G last year and was most recently at Capital International, where he was responsible for global distribution relationships. During a 10-year career with Capital, he worked in Singapore, Los Angeles and Geneva.
M&G chief executive Michael McLintock said that high standards of client service can be an important differentiator and that Hendry’s appointment will raise the quality of the service M&G provides to its distribution partners.
He added that Asia is an increasingly important region for M&G which he maintains will be able offer a more local service to the international banks and institutional investors there, yet “complementing our efforts in Europe.”
Hendry said that M&G, which had £201bn of asset under management as at the end of last year, possessed a natural disposition to take a long-term view in its commitment to markets outside of its UK home: “It has taken M&G the best part of a decade to become a fund manager of choice in Europe, having opened its first office in Germany in 2002. The firm is prepared to take a similarly patient approach to the development of its business in Asia.”
