Citi AM set to lose another fund manager

Tay Soo-How is reportedly leaving the firm.

Citigroup Asset Management is said to be losing another senior fund manager in Asia. Market sources say Tay Soo-How, director and head of Asian fixed income in Singapore, will depart soon. Tay declined to comment and a firm spokeswoman did not return calls.

The rumoured departure comes after Asian equity CIO Anthony Muh resigned earlier this year to join former Citigroup managing director Alan Harden at Alliance Trust, when that firm opened an office in Hong Kong.

Citigroup has recently announced a swap with Baltimore-based Legg Mason in which it gives away its asset management business in return for Legg Mason's brokerage operations.

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