Man GLG has looked to Blackrock for its latest hire, with Andrew Swan set to join the firm as head of Asia equities.
The discretionary fund manager, part of the Man Group, announced today (April 15) that Mr Swan would join the firm in Q3 of this year and be responsible for managing its Asia (excluding Japan) equity strategy.
At Blackrock he most recently served as head of Asia and global emerging market fundamental equities, managing significant client assets across multiple Asian and EM strategies while helping to develop the firm’s investment platform in Asia.
Before joining BlackRock in 2017 Mr Swan had spent 17 years at JPMorgan in various Asia Pacific equity portfolio management and research roles.
Mr Swan will be based in Sydney, Australia, and report directly to Man GLG chief executive Tuen Johnston.
Mr Johnston said: “We are very excited to welcome Mr Swan to the Man GLG team. We have been looking to expand our Asia offering for a number of years, but have been patient as we want to ensure that whenever we build out strategies in new areas, we do so with individuals we believe to be exceptional portfolio managers.
“Andrew is very experienced and has demonstrated real skill in managing portfolios for his clients over a number of years. We feel that he will be a good fit both within Man GLG and the broader Man Group business.”
Mr Swan said he was keen to return to focusing on investing for clients, adding that Man GLG’s dual focus on autonomy and collaboration coupled with Man Group’s reputation for innovation had made the role a “compelling opportunity”.
He added: “I look forward to working with Mr Johnston and the team to develop the new strategy and build out a new team.”
He is the latest in a string of manager moves over the past month, with James Sym moving from Schroders to River & Mercantile and Nick Clay quitting BNY Mellon for boutique manager RWC Partners.
Most recently, Quilter nabbed 7IM’s deputy chief investment officer Ian Jensen-Humphreys.
imogen.tew@ft.com
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