Based in Hong Kong, he will oversee the development of Jupiter’s relationships with investment consultants and its prospective institutional clients across the Asia Pacific region.

Asset management firm Jupiter is bolstering its Asia team with the appointment of Adam Phua as head of institutional, Asia Pacific, according to an announcement on Wednesday.

Phua brings 21 years’ experience in institutional client-facing business development roles in the asset management industry. He joins after spending over two decades at Allianz Global Investors and its predecessor companies, most recently in the role of managing director/head of sales, international institutional, Asia Pacific.

Important Market

«The institutional segment of the market represents an important strategic growth area for Jupiter in Asia and in the rest of the world,» Peter Swarbreck, Head of Asia Pacific, said in the announcement.

Headquartered in London, Jupiter currently has two offices in Asia: one in Hong Kong and one in Singapore, with distribution capabilities in various other parts of the region. Last year, it acquired rival fund house Merian in a £370 million ($508.68 million) deal.