First State shuffles distribution team

Added 12th January 2016

The firm's head of distribution has left for Aberdeen Asset Management and will be replaced by two internal appointments.

First State shuffles distribution team

Alexis Ng, managing director of Southeast Asia and head of distribution for Asia has resigned and will leave First State next month, a spokeswoman for the firm has confirmed.

Ng will join Aberdeen in March and be based in Singapore as the head of distribution for Asia-Pacific, reporting to Hugh Young, managing director of Asia business, according to Aberdeen.

Ng will lead a team of 148 in distribution, including business development, client servicing and marketing across ten markets. She succeeds Corinne Cheok, who retired last year after 19 years’ service. 

First State will fill the distribution roles held by Ng by creating two new positions and promoting internally to fill them.

Lauren Prendiville has been appointed head of distribution for Southeast Asia, based in Singapore. She joined First State in January 2014 and has been responsible for developing the institutional business. She was previously with Goldman Sachs Asset Management, Morgan Stanley and Investec working with different client segments.

The other position, head of distribution for North Asia, will be filled by Vivian Tang. She will be based in Hong Kong.

Tang has been with the firm since November 2013 with responsibility for developing relationships with institutional investors and asset consultants in North Asia.  She was previously with Credit Suisse Asset Management, where she served as director of distribution, responsible for institutional and third party distribution business in Greater China.

Prendiville and Tang will oversee institutional and wholesale business development in their respective regions and will report to Kanesh Lakhani, managing director of distribution for EMEA and Asia.

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