Singapore’s Golden Equator Group has announced its expansion into Brunei and appointed Aziemah Abdullah as country head, while UK-based M&G Investment has named Berny Lin as head of distribution, Asia ex-Japan.
Golden Equator appoints Brunei country head
Singapore’s Golden Equator Group has announced its expansion into Brunei and appointed Aziemah Abdullah as the country head.
This move follows the S$24.6 million ($18.3 million) strategic investment it received in April 2019 led by serial entrepreneur-investor Taizo Son along with individual investors from Asia Pacific and Middle East, including Brunei.
The expansion will see three of the group’s businesses established – Golden Equator Wealth, Golden Equator Consulting, and potentially SPECTRUM – in Brunei.
In this role, Abdullah will spearhead the group’s in-market expansion activities in Brunei as she has strong networks and insights on the business and operating landscape in Brunei.
She was most recently with the Royal Brunei Technical Services (RBTS) leading the company’s business development and expansion initiatives.
Abdullah leads the development strategies for Golden Equator’s businesses entering Brunei, helping with the establishment and expansion of their footprints in the country.
“Our expansion into Brunei marks our commitment to the development of Brunei’s startup ecosystem and is an example of ecosystem-building in the region via Singapore. This means we will be able to continue using Singapore as a base to build other nodes in the region, connecting the different markets to build an even stronger business environment,” said Shirley Crystal Chua, Founder and Group CEO of Golden Equator.
M&G Investment names head of distribution, Asia ex-Japan
UK-based M&G Investment has named Berny Lin as head of distribution, Asia ex-Japan, according to a statement.
In this newly created role, Lin will be responsible for deepening and growing M&G’s wholesale and institutional presence in the region, leading teams based in Hong Kong and Singapore to service clients across Asia.
He will focus on developing and strengthening relationships with institutional and intermediary clients, including private banks, external asset managers and institutional investors. He will be based in Singapore and will report to Loretta Ng, Head of Asia.
Before joining M&G Investment, he was chief distribution officer and chief marketing officer in Eastspring Investments. He also served on Eastspring Taiwan’s board of directors since 2015.
Prior to this, he spent six years at Deutsche Asset Management in Hong Kong and Taiwan, leading the institutional sales team in Taiwan.
“Berny’s appointment demonstrates our commitment to our Asian business and the region, particularly as Asia continues to plays an increasingly dominant role in the growth of the global asset management industry,” said Graham Mason, Chief International Officer, M&G plc.
M&G Investments is part of M&G Plc, a savings and investment business, which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly-owned international investment manager.