HONG KONG--(Marketwired - Jul 24, 2013) - Legal & General Investment Management ("LGIM"), one of Europe's largest institutional asset managers* and a major global investor, continues its strategy of international expansion with the launch of its business in the Asia Pacific region, headquartered in Hong Kong.
Led by Alan Flynn, Head of Asia Pacific, LGIM will provide index and fixed income solutions to large institutional clients across the region. John Bridges, who has relocated to Hong Kong, will take up the role of Head of Operations.
LGIM is one of the largest institutional investment management companies in the world and manages US$670 billion** in assets for more than 3,300 clients**. Throughout the past 40 years, LGIM has built its business through understanding what matters most to clients and transforming this insight into valuable, accessible investment products and solutions. Today, LGIM is one of the world's leading providers of index fund management and a major investor in global fixed income markets.
Mike Craston, LGIM's Managing Director Global Institutional Business, said: "I am delighted to announce the launch of LGIM's Asia Pacific business. International expansion is a strategic objective for us and Asia is a major element in that strategy. As Asian sovereign wealth and national funds continue to seek diversification and place larger allocations overseas, they are increasingly turning to specialist managers with the track record and scale of firms such as LGIM to provide investment solutions."
Alan Flynn, Head of Asia Pacific, said: "LGIM has an exceptional reputation among institutional clients across Europe, the Middle East and the US, I now see an exciting opportunity to develop a sustainable business in the Asia Pacific region. Our initial focus will be the provision of our market-leading Fixed Income and Index capabilities, with further expansion driven by our focus on meeting and exceeding client needs."
International expansion has been a key factor in LGIM's recent successes. By focusing on the needs of local investors, LGIM has established a significant presence in the US, Europe and Gulf. Net inflows from international clients increased by 73% in 2012 compared to 2011, and assets under management increased from US$49 billion (£32 billion) to US$66 billion (£43 billion).
LEGAL & GENERAL INVESTMENT MANAGEMENT:
Legal & General Investment Management (LGIM) is one of Europe's largest institutional asset managers and a major global investor. LGIM manages US$670 billion in assets for more than 3,300 clients**. We provide investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
* Source: IPE Top 120 European Institutional Investment Managers ranking 2012
**As at 31 March 2013
Alan Flynn -- Head of Asia Pacific
Prior to joining LGIM, Alan was a Partner and Business Leader for Asia (ex Japan) in Mercer Investments. He has worked in this region since 2004 and as well as heading Mercer's Investments business in Asia (ex Japan), he also provided consulting to a wide range of clients including sovereign wealth funds, national banks, DB and DC pension funds and government agencies. Alan joined Mercer UK in 1997 where he was responsible for leading a team of investment consultants and advising corporate clients in the United Kingdom. Prior to working at Mercer, Alan worked with Bacon & Woodrow, UK, as a trainee Actuary. He holds an Honours degree in Actuarial Mathematics and Statistics from Heriot Watt University.
John Bridges -- Head of Operations (Asia Pacific)
John is Head of Operations and holds the responsibility for providing the link between LGIM in Asia Pacific and London. Previously, John was the Head of Relationship Management in London; managing LGIM's service proposition to over 3,000 clients. He first joined the L&G group in 1983 as a Senior Pensions Account Manager within the Trustee Services area. This role required a full understanding of UK pension law and practice and an ability to communicate effectively with members, trustees and their advisers. In 1994 John moved to LGIM and has specialised in the provision of investment services since that date. John is an Associate of the Pensions Management Institute and a holder of the Investment Management Certificate.