L&G Hires Former UBS Asset Management Executive
London-headquartered Legal & General has added a former UBS Asset Management executive in Hong Kong.
L&G has appointed Derek Li as head of institutional sales for Greater China, according to a statement, based in Hong Kong. In the newly created role, he will focus on institutional clients and prospects across Greater China markets.
Li has more than 18 years of industry experience in Greater China, most recently as executive director at UBS Asset Management where he led the China institutional sales team and worked with sovereign wealth funds, pensions, insurances, banks and corporates. He began his career with ICBC as a sales representative in Beijing and Hong Kong before taking on buy-side institutional sales roles with J.P. Morgan Asset Management.
«As a dedicated and experienced specialist in Greater China, we believe Derek’s expertise will allow us to add depth to our coverage of institutional clients and to capitalize on the long-term growth opportunities for our asset management business,» said Natasha Mora, managing director Asia, asset management, L&G.
International Growth Strategy
The latest hire is part of the British asset manager’s growth strategy to grow international assets under management (AUM) to more than 50 percent by 2028. It currently has $1.39 trillion in total AUM worldwide, of which international markets account for 44 percent.
L&G has served institutional clients in the Asia Pacific region for over a decade. It first opened its Singapore office in 2023, complementing the firm’s presence in Hong Kong and Tokyo.
