New CEO to grow Straits Lion into big cat

Former UOB-AM exec Daniel Chan is charged with turning the firm into a major manager of third-party assets.

Daniel Chan has resigned from UOB Asset Management in Singapore, where he had served as managing director and CIO, to join local rival Straits Lion Asset Management, the investment arm of Great Eastern Life Assurance. His mandate is to transform Straits Lion from just an appendage of Great Eastern into a major fund manager for third-party client money.

He will serve as CEO and executive director, a newly created position designed to give Straits Lion a proper focus on business development. His reporting line is complicated but his main boss is now Tan Beng-lee, CEO at Great Eastern Life and chairman of Straits Lion.

Meanwhile at...

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