Man GLG has confirmed it has nabbed Andrew Swan to head up its expanded Asian equities arm after his surprise exit from Blackrock last month.
Swan will join the firm in the third quarter, becoming head of Asia ex-Japan equities from his new base in Sydney. He had previously been Blackrock’s head of Asia and global emerging market equity strategies in Hong Kong.
The asset management giant had said on his departure that he was joining a boutique firm. Man Group runs $117bn (£93.6bn) globally with Man GLG running $31.6bn of that.
He is an Australian national having studied commerce, accounting and finance at the University of New South Wales.
At Man GLG he will initially run a concentrated long-only Asia ex-Japan equity strategy.
In a statement announcing his appointment, Swan said he was drawn to Man GLG’s “dual focus on autonomy and collaboration”. He said Man GLG had a reputation for innovation and an “exceptional” technology platform.
He will report directly to Man GLG chief executive Teun Johnston.
“We have been looking to expand our Asia offering for a number of years, but have been patient as we want to ensure that whenever we build out strategies in new areas, we do so with individuals we believe to be exceptional portfolio managers,” Johnston said. “Andrew is very experienced and has demonstrated real skill in managing portfolios for his clients over a number of years.”
> See also: Blackrock head of Asian equities exits for boutique
