Investment consultant Mercer has added to its Asia wealth department with three senior appointments.
Alvin Tay has been named as chief portfolio advisor in Asia, a newly created role, while Anubhuti Gupta, most recently head of Axa Investment Management Singapore, has been recruited as principal for the firm’s wealth management division in Singapore.
Both appointments were effective as of 1 July while Henry Ching was hired as head of private markets, Asia Pacific on 1 April.
The appointments come at a time when Asia’s wealth management sector is growing rapidly along with an increased interest in private markets as a result of the inflationary environment and the chase for yield, according to Mercer.
Consequently, there is a demand among asset owners for more advisory services around private wealth and investment products.
“Companies’ profit margins have been squeezed and so has the potential to capture alpha,” said Gupta. “The capability to provide differentiated insights in constructing portfolios will distinguish winners from losers.
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