After regional deals, SGAM shores up hubs

The fund manager has a raft of hires for its Hong Kong and Singapore businesses to keep up with its JVs elsewhere in Asia.
Societe Generale Asset Management SGAM has gone on a hiring spree for its offices in Hong Kong and Singapore, recruiting a pair of chief marketing officers and opening a hedge fund sales desk.

ôWe decided to strengthen our operations and resources in Hong Kong and Singapore to match the commitment weÆve recently made in other countries,ö says Laurent Bertiau, Asia-Pacific CEO in Tokyo.

SGAM has signed a number of deals in the past two years. It has entered into funds joint ventures with Industrial Bank of Korea and with Baosteel in China, taken a 37% stake in State Bank of India Mutual Funds and acquired Resona Asset Management in Japan.

ôWe've been under-resourced in Hong...
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