Pimco opening Hong Kong office

More fund management companies in Singapore are shifting their activities to the north.

Pimco, the bond fund specialist manager, is planning to open an office in Hong Kong this autumn and make it its primary location for business development in the region, says Brian Baker, director and CEO for Asia ex-Japan. Baker will relocate from the existing Singapore office to Hong Kong at that time.

This is the result of the growth of our business in North Asia, which can now support having feet on the ground, he says.

Pimco is part of a trend of institutional asset management firms, including other private firms such as Wellington International Management and Capital International, which got their start in the region in...

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