Swarbeck will be joining fellow new recruits sales director (Hong Kong) Tony Yu, formerly of Fidelity, and David Conway who has been working as sales director for Jupiter Singapore since 2009.
The team will focus on selling the firm’s range of Sicav vehicles to Asian clients. The range includes the Jupiter Asia Pacific Fund, which is managed by Ben Surtees.
The fund invests in listed companies across the Asia Pacific basin, excluding Japan; the largest proportion, 35%, is currently committed to China and Hong Kong-based companies. The performance of the fund over the past six months is shown in the graph.
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Swarbeck left his role as head of BlackRock’s Hong Kong office at the end of last year to take a break, stating that he would be returning to asset management in the second quarter of the year. Mark McCombe replaced him at the helm of BlackRock Hong Kong.
Swarbeck held senior business development and client relationship management roles at Mercury Asset Management and Merrill Lynch before the merger with BlackRock.
The group as a whole reported an uninspiring first quarter of the year and inflows hit just £209m, far below the £579m and £688m of flows in Q3 and Q4 2012.
It also sold its stake in Cofunds and will use the proceeds to reduce its gross debt.
