Vanguard Group targets Singapore

The mutual fund giant has hired Jon Robinson in Singapore to promote it to local institutions.

America's second-largest mutual fund company, Vanguard Group, with $550 billion under management, is making its debut into Asia with the hiring of Robinson Associates in Singapore on a fee basis to promote it.

Robinson Associates is the independent investment consultancy established last year by Jon Robinson, a 20-year veteran at Watson Wyatt and Mercer Investment Consulting. Robinson is well entrenched in Singapore, having served on the high-profile Economic Review Committee set up by the prime minister.

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