Irish fund managers announce Asian expansion plans

AIB Govett Asia, part of the Allied Irish Bank group, plans to build market share with a top-level management team hired from CMG First State.

The appointment of a new CEO and two other senior directors to head up its Singapore operations marks a renewed commitment from AIB Govett Asia to build its asset management business in the region. 

 

In a wholesale purchase of a management team, the firm has hired three former CMG First State executives led by Kim Teo who will become the new CEO. Teo, who resigned as CEO of CMG earlier in the year, is joined by Kwok Keng Han who becomes director of marketing, and Patrick Fu who becomes director of business development. At CMG, Han was head of channel sales and business development, while Fu was director of finance and...

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