Principal has hired Suresh Singh as head of funds distribution for Asia, based in Singapore.
Singh will be responsible for introducing the capabilities of Principal’s investment boutiques, covering specialities in equities, fixed income, real estate and alternatives, to key intermediaries, fund selectors and investment platforms.
Singh reports to the firm’s global head of wealth advisory services Nick Lyster and head of the south-east Asian region Celestine Khoo.
Prior to joining Principal, Singh was at BlackRock where he was responsible for the build-out of the dedicated wealth and asset management relationship management team for iShares ETFs, covering clients in Singapore and Hong Kong.
Prior to BlackRock, Singh was at Macquarie where he started and ran the fund of hedge funds business in Sydney before moving to Singapore to expand the sales efforts in south-east Asia, covering institutional and private wealth clients.
He has also worked for Bankers Trust and National Australia Bank.
Lyster says: “We are delighted to have Suresh join us. He brings a breadth of experience and deep understanding of the Asian wealth market. His appointment is part of our strategy to build our relationships with wealth managers. We have some high quality investment capabilities that they will find helpful in the current challenging investment environment. These capabilities can be delivered either through our range of Dublin UCITS Funds or via sub-advisory relationships.
“We are currently expanding our fund distribution business in Europe and Asia to wealth managers, particularly private banks, and plan to bring in investment and sales professionals accordingly to help manage our growing business and ambitions in these regions.”
Khoo says: “Suresh will serve a key role in developing the long-term relationships within the Asia wealth market. We value his knowledge and expertise in the region as well as the opportunities it will bring.”