UK $1.4 Trillion Largest Asset Manager Legal & General Investment Management Hires UBS Russell Huang as Head of Wholesale Distribution for Southeast Asia and HSBC 16-Year Veteran Aaron Kwan as Head of Wholesale Distribution for Greater China
4th September 2024 | Hong Kong
United Kingdom (UK) largest asset manager Legal & General Investment Management (LGIM) with $1.4 trillion AUM has hired UBS Russell Huang (8/7/24) as Head of Wholesale Distribution for Southeast Asia, and HSBC 16-year veteran Aaron Kwan (5/8/24) as Head of Wholesale Distribution for Greater China. Russell Huang has 16 years of financial industry experience including at UBS, Credit Suisse, Citi, Julius Baer, Bank of Singapore & DBS. Aaron Kwan joins from HSBC after 16 years since beginning his career as a HSBC Management Trainee in Canada, and relocating to Hong Kong in 2016 (Held senior roles including Head of Partnerships for Retail Distribution and Director of Retail Wholesale Distribution). Russell Huang and Aaron Kwan report to Gerald Koh (LGIM Head of Wholesale Asia ex-Japan). Announcement: “L&G’s Asset Management division today announced the expansion of its team in Asia with key strategic appointments in the region, further adding to its Singapore office which marks its first anniversary. Wholesale Distribution: As the firm looks to grow its presence in the wealth segment, Russell Huang has been appointed as Head of Wholesale Distribution, Southeast Asia and Aaron Kwan as Head of Wholesale Distribution, Greater China. Russell has over 15 years of industry experience and was most recently Executive Director at UBS where he advised regional clients on portfolio asset allocation decisions and managed solutions investments. Aaron has been active in the banking and asset management space globally for 16 years and was most recently Director, Retail Distribution at HSBC Asset Management, Hong Kong. Russell and Aaron will be instrumental in driving client acquisition for the firm’s wholesale business in Southeast Asia and Greater China respectively. Russell joined the firm on 8 July; Aaron started on 5 August. Both Russell and Aaron report to Gerald Koh, Head of Wholesale Asia (ex-Japan), who is based in Singapore. Credit Research: In addition, L&G’s Asset Management division welcomed Choong Yew Thong as Research Analyst in the Singapore office on 29 August. Leveraging his decade-long experience in global credit research and analysis, most recently as a Quantitative Analyst at GIC, Choong Yew Thong will help to deepen the regional investment research coverage. Investment Stewardship: Also based out of Singapore is the firm’s Asia ex-Japan investment stewardship team, led by Trista Chen, Head of Investment Stewardship, Asia ex-Japan. To support the firm’s regional stewardship and investment engagement activities, Kate Lim joined as ESG analyst on 1 August. Kate brings to her new role her recent experience in overseeing regional sustainability projects, working with government stakeholders, and driving impact on energy security from the Tony Blair Institute for Global Change and Enterprise Singapore. In 2024 June, Legal & General Investment Management (LGIM) announced CEO Michelle Scrimgeour will be departing after a successor is identified, with L&G also announcing to merge LGIM with alternatives platform Legal & General Capital. With the merger of the 2 businesses, L&G Capital Laura Mason has been appointed as CEO of Private Markets in the merged business. In 2023 September, LGIM opened an office in Singapore, headed by Managing Director Asia ex-Japan Natasha Mora, Head of Wholesale Asia ex-Japan Gerald Koh and Head of Institutional Sales Asia ex-Japan Jackson Loi. In February 2023, hired Trista Chen as LGIM Head of Investment Stewardship Asia ex-Japan.
“ UK $1.4 Trillion Largest Asset Manager Legal & General Investment Management Hires UBS Russell Huang as Head of Wholesale Distribution for Southeast Asia and HSBC Aaron Kwan as Head of Wholesale Distribution for Greater China “
Natasha Mora, LGIM Managing Director, Asia: “We are delighted to welcome Russell, Aaron, Yew Thong and Kate. These four appointments reflect our continued expansion and long-term business commitment to the region, which presents tremendous growth opportunities for our firm. These additions to our experienced team support us in deepening our capabilities to deliver for our growing client base.”
UK $1.4 Trillion Largest Asset Manager Legal & General Investment Management LGIM CEO Michelle Scrimgeour to Depart after Successor is Identified, L&G to Merge LGIM with Alternatives Platform Legal & General Capital, L&G Capital Laura Mason Appointed as CEO of Private Markets, Ex-Santander & HSBC António Simões Appointed as Legal & General CEO in 2024 January
12th June 2024 – United Kingdom (UK) largest asset manager Legal & General Investment Management (LGIM) with $1.4 trillion AUM CEO Michelle Scrimgeour will be departing after a successor is identified, with L&G also announcing to merge LGIM with alternatives platform Legal & General Capital. With the merger of the 2 businesses, L&G Capital Laura Mason has been appointed as CEO of Private Markets in the merged business. Legal & General CEO is ex-Santander & HSBC António Simões, who was appointed as Legal & General CEO in 2024 January. In 2023 September, LGIM opened an office in Singapore, headed by Managing Director Asia ex-Japan Natasha Mora, Head of Wholesale Asia ex-Japan Gerald Koh and Head of Institutional Sales Asia ex-Japan Jackson Loi. Managing Director Asia ex-Japan Natasha Mora had been with LGIM since 2006 and Gerald Koh had just joined LGIM on 1st August 2023. LGIM had also recently hired Eastspring Investments & ex-Vanguard Heston Goh as Sales Director for Southeast Asia Institutions (1/9/23). Earlier in February 2023, hired Trista Chen as LGIM Head of Investment Stewardship Asia ex-Japan. Legal & General Investments is established in 1970 (later to LGIM), managing assets for pension funds, institutional and private clients. Legal & General Life Assurance Society is founded in 1836.
António Simões, Legal & General Group CEO – António was appointed Group Chief Executive Officer on 1 January 2024. Prior to joining Legal & General, António was the CEO of Banco Santander Spain and Regional Head of Europe since September 2020. Before joining Santander, António spent 13 years at HSBC in a series of executive positions in London and Hong Kong; starting with strategy and M&A and then moving to leading different businesses as UK/European CEO and finally, global CEO of private banking. Prior to that, he was a partner at McKinsey & Company working in financial services across several geographies. António studied in Lisbon (Nova School of Business and Economics), Milan (Bocconi) and the United States (MBA from Columbia University). In 2009, he was appointed a Young Global Leader of the World Economic Forum (WEF) and a few years later completed a WEF leadership programme at Harvard Kennedy School. António was previously a member of the Practitioner Panel of the Financial Conduct Authority from July 2013 and was chair of the panel from August 2015 to August 2017. He was also a member of the Practitioner Panel of the Prudential Regulation Authority. He is a vocal campaigner on youth unemployment issues and has been involved with the Prince’s Trust since 2012. He became a Trustee of Prince’s Trust International in 2018.
Michelle Scrimgeour, Legal & General Investment Management CEO – Michelle was appointed Chief Executive Officer of Legal & General Investment Management (LGIM) in July 2019. Michelle has spent her career at major global firms and has extensive asset management experience across investments, distribution, product, operations and risk. Before joining LGIM, Michelle was Chief Executive Officer, EMEA, at Columbia Threadneedle Investments and a member of the Executive Leadership Team of Ameriprise Financial. Prior to that, she was Chief Risk Officer at M&G Investments and a Director of M&G Group Limited, whom she joined in 2012 from BlackRock. Michelle held a number of senior leadership positions at BlackRock, and previously at Merrill Lynch Investment Managers and Mercury Asset Management, including Chief Operating Officer, International Fixed Income; Global Head of Fixed Income Product and Head of Alternative Investments. Michelle is Deputy Chair of the Investment Association and a member of the FCA’s Practitioner Panel. She also Co-Chaired the COP26 Business Leaders Group. Michelle holds a BA (Hons) in French from the University of Sheffield.
UK $1.4 Trillion Largest Asset Manager Legal & General Investment Management LGIM Opens Office in Singapore, Headed by Managing Director Asia ex-Japan Natasha Mora, Head of Wholesale Asia ex-Japan Gerald Koh and Head of Institutional Sales Asia ex-Japan Jackson Loi
9th September 2023 – United Kingdom (UK) largest asset manager Legal & General Investment Management (LGIM) with $1.4 trillion AUM (Assets under Management) has opened an office in Singapore, headed by Managing Director Asia ex-Japan Natasha Mora, Head of Wholesale Asia ex-Japan Gerald Koh and Head of Institutional Sales Asia ex-Japan Jackson Loi. Managing Director Asia ex-Japan Natasha Mora had been with LGIM since 2006 and Gerald Koh had just joined LGIM on 1st August 2023. LGIM had also recently hired Eastspring Investments & ex-Vanguard Heston Goh as Sales Director for Southeast Asia Institutions (1/9/23) and earlier in February 2023, hired Trista Chen as LGIM Head of Investment Stewardship Asia ex-Japan. Legal & General Investments is established in 1970 (later to LGIM), managing assets for pension funds, institutional and private clients. Legal & General Life Assurance Society is founded in 1836.
Michelle Scrimgeour, CEO, LGIM: “While we have been servicing institutional clients in the Asia Pacific region for over a decade, our new office in Singapore will add depth, business capability, investment expertise and brand profile in Asia, complementing our existing presence in Hong Kong and Tokyo. Due to the city-state’s regional influence and connectivity worldwide, opening an office in Singapore is an important milestone in our international growth strategy. This new local office affirms our commitment to the region, allows us to pursue new business opportunities and will elevate our ESG advocacy across Asia.”
UK $1.4 Trillion Largest Asset Manager Legal & General Investment Management LGIM Opens Office in Singapore, Headed by Managing Director Asia ex-Japan Natasha Mora, Head of Wholesale Asia ex-Japan Gerald Koh and Head of Institutional Sales Asia ex-Japan Jackson Loi
Legal & General
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
LGIM
LGIM is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.16 trillion ($1.47tn, €1.35tn, CHF 1.31tn). We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors. For more than 50 years, we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property, and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
