M&G Investments, a UK-based investment firm that has been demerged from Prudential Plc, has expanded its APAC equity and alternatives team. Meanwhile, Razer Fintech has got on board Neal Cross, former chief innovation officer of DBS Bank, as an advisor to deepen its fintech offerings.
M&G Investments strengthens APAC equity team
UK investment management firm M&G Investments has appointed several key executives for its Asia equity and alternative business, according to the firm’s announcements earlier this week.
M&G has promoted Dave Perrett to manage its £161 million M&G Asian Fund and €90 million M&G (Lux) Asian Fund, with immediate effect.
This appointment comes on the heels of the formation of M&G’s new Asia Pacific equity team, led by Perrett and Carl Vine, who along with five other members specialise in Asian markets.
Alastair Bruce, who previously held the position, retains his fund management responsibilities in the global emerging markets equity team.
Perrett started his career with Prudential in 1991. Prior to M&G, he and Vine co-founded Oxford-based boutique investment firm Port Meadow Capital Management in 2014.
M&G has also appointed Matthew O’Sullivan as head of Asia Pacific origination to build a credit and alternatives origination team based in Singapore. “The team will originate investment opportunities in the Asia Pacific region which will enable M&G to diversify its assets and expand its investment universe,” M&G said in a statement.
Razer’s fintech arm ropes in former DBS Bank innovation chief
The company said the appointment will assist its strategy of building a global fintech platform, including extending its offerings into the financial and digital banking services space.
“There, we see a massive opportunity globally, especially amongst the underserved demographics of the youth and millennials,” added Min-Liang Tan, co-founder and CEO of Razer Inc.
Cross, who started his early career as a game developer, is currently also chairman of Perth-based fintech company PictureWealth.
In November 2019, Razer Fintech also appointed Eduard Fabian as CTO. Fabian brings over 20 years of experience in leading technology teams in Asia, Europe and the US, including serving as UOB Bank’s group technology head.