People Moves
Barings Asia Welcomes New CIO
Baring Asset Management has named
Wilfred Sit as chief investment officer of Barings Asia.
Sit joins the firm from Mirae Asset Global Investments, where he
served as head of Asia-Pacific investment strategy and regional
chief investment officer for the Asia-Pacific before he became
the head of emerging markets investment strategy. He actually
returns to Barings, having worked as director and head of Asian
equities between 2004 and 2007.
In his new role, he will be based in Hong Kong and will lead the
state's equity team. He will work closely with Colin Ng, the head
of Asian equities, and Agnes Deng, the head of Hong Kong China
equities. He reports directly to Tim Scholedield, the head of
equities for Barings.
Barings manages more than $13 billion in Asian equities in a
range of pooled funds and segregated mandates. Products cover
established funds, such as the $4.3 billion Baring Hong Kong
China fund, the $180 million Baring Asia Growth fund, and the
$320 million Baring Korea Trust.
