pimco-weighs-asian-structured-products-strategy

Pimco weighs Asian structured products strategy

US asset manager considers tailoring structured products to meet Asian investorsÆ needs.
Pimco, the California-based fixed-income asset manager, is planning to grow its Asian structured products business. As part of the push it will put an account manager on the ground in the region and is exploring the possibility of launching notes tailored specifically to Asian investors' needs.

Showbhik Kalra will move from New York to develop the business and will be based in either Hong Kong or Singapore. He and Powell Thurston, the firm's structured products head in Newport Beach, are currently in Asia meeting with investors and evaluating opportunities ahead of Kalra's expected arrival by the end of the year.

In addition to Kalra, who will be a dedicated structured products resource, Pimco is also...
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