The new unit, Investment Solutions, is a multi-asset specialist which was brought into FSI’s multi-manager business from ASB Group Investments, a New Zealand-based subsidiary of the Commonwealth Bank Group, parent of both FSI and ASB.
FSI said following this migration, it first intends to expand its multi-asset and multi-manager capability in Asia and Australia and plans to bring this into the UK and Europe in the “longer term”.
As part of the expansion, FSI has made three senior hires to its multi-asset team based in Singapore. The appointments, Epco van der Lende, Jan Baars and Petr Kocourek, have all come from Morgan Stanley Investment Management in the Netherlands, where they worked on the design and management of multi-asset investment products.
Der Lende has been appointed to the newly created role of head of FSI’s multi asset solutions team, while both Baars and Kocourek are senior portfolio managers.
FSI said the combined international multi-asset and multi- manager businesses will form part of its Global Investment Solutions Group, which has assets exceeding $12bn across Asia, Australia and New Zealand.
Head of FSI’s Global Investment Solutions Group, Joe Fernandes, said these developments are designed to address the growing demand for tailored investment solutions across multiple asset classes, including multi-asset, objective-based and liability-aware solutions.
“Globally, our clients are seeking investment solutions that deliver to their unique portfolio objectives. The global financial crisis and demographic changes in developed nations have reinforced the need for solutions that deliver real, long-term outcomes, whilst more adequately managing risk.”
