Neuberger Berman hire BlackRock’s Chen to spearhead expanding Taiwan team
International investment manager, Neuberger Berman, is awaiting regulatory approval after appointing BlackRock's head of Taiwan retail clients, Jovi Chen, as general manager of its growing Taiwan business.
The appointment follows the firm's application for a Securities Investment Trust Enterprise (SITE) licence, to distribute onshore funds into the Taiwan market.
Neuberger Berman reported its Taiwan office manages "approximately US$1.53 billion in assets (as at 31 December 2015)" on behalf of Taiwan-domiciled clients.
Neuberger Berman head of Asia Pacific, Nick Hoar, said Chen alongside the firm's Taiwan office founders, Tony Huang and Emma Chen, will direct its growing business in the market.
"As we continue to broaden and deepen our client-base in Taiwan it is important that we have experienced professionals with local expertise to provide the best possible service to them," Hoar said.
"We are therefore delighted that Jovi is joining us. His local knowledge and extensive experience will be a valuable addition to our already strong team.
"Working alongside Emma, Tony and the team, we look forward to Jovi's contribution to our expanding business."
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
