Scudder's new office eyes Asia pension business

Scudder Kemper''s Singapore office will target the high-end investment markets in ASEAN countries.

Global fund manager Scudder Kemper Investments opened an office in Singapore this week, further strengthening its platform in Asia to capture the burgeoning pension market.

With the Singapore government liberalizing its financial services industry at a breakneck pace, Scudder president Edmond Villani says the city state is now a key centre for managers wanting to develop a global investment management business.

Alan Lim, former managing director of Prudential Portfolio Managers in Singapore, has been appointed to the same post at Scudder, with a brief to develop new businesses in Singapore and other ASEAN countries.

According to Lim, the new office will first strengthen its service to existing institutional clients, and then focus on high...

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