London-based Baring Asset Management (BAM) has signaled its commitment to alternative investment products with the appointment of Andrew Edgington as Head of Product Development.
In the role, Edgington will be responsible for the development of BAM's institutional and retail product ranges. In particular, he will focus on developing products to take advantage of the new UCITS legislation coming into effect next year and in broadening BAM's alternative investment offerings. Andrew reports to George Harvey, Head of Sales, Client Services and Business Development.
Edgington, who has more than twenty years' expertise in marketing and product development, joins BAM from Northern Trust Global Investments, where he was Head of Product Management and Development. He previously spent eight years at Gartmore Investment Management, where he was heavily involved in the development of its highly successful hedge fund range.
George Harvey said: "Andrew's appointment underlines BAM's commitment to developing innovative product offerings for our clients. We're particularly keen to take advantage of the new legislation coming into force next year and we also plan to enhance our range of alternative investment products, where we see considerable opportunity for growth. Earlier this year we launched our Asia Hedge Select fund, which is growing well and we see opportunity both for fund of hedge fund and single strategy products in the future. Andrew's extensive product development expertise will prove invaluable and we're delighted to welcome him to the team."
Edgington added: "BAM's dedication to product innovation and its clear business strategy really impressed me. I'm very excited by the opportunities ahead of me and look forward to working with the team to develop a range of innovative new products for our clients."
Background Note: Baring Asset Management (BAM) employs 115 investment professionals located in the major markets across the world. BAM says it combines the flexibility, high levels of customer service and access to senior personnel typically found in a smaller company with the global resources of a larger one. Baring Asset Management manages over GBP 19 billion on behalf of governments, institutions, charities, private clients and mutual fund investors. Baring Asset Management's Financial Services Group based in Guernsey, Dublin and the Isle of Man provides offshore banking, corporate trusteeship, foreign exchange, investment management, global custody, corporate secretarial accounting and fund administration services world-wide. These activities represent a complete range of interconnecting offshore financial services. In addition, the Financial Services Group provides fund administration from London for UK investors. Baring Asset Management is part of ING Group, one of the largest financial institutions in Europe. ING Group employs around 100 000 people in over 65 countries.
copyright hedgeweek 2003