Based in Singapore, Foo will be responsible for implementing and managing the firm’s multi-asset strategies in Asia, the firm said in a statement.
She will also be contributing to research and ongoing enhancements of the team-based investment process.
Foo will report directly to the head of multi-asset solutions, Epco van de Lende.
She will be working closely with regional business development teams to assist clients with their long-term investment strategies and other investment-related issues.
“Foo’s appointment further strengthens First State’s multi-asset capability and expertise in areas of proprietary research, asset allocation and portfolio management, as well as our commitment to Asia. Kelley’s regional experience and market knowledge will be invaluable to our growing business,” said Joe Fernandes, the firm’s managing director.
Foo has 10 years of experience in the industry. She joins First State from Nuvest Capital, where she was a portfolio manager responsible for managing multi-asset funds.
Prior to that, she worked at UOB Asset Management in research and in managing multi-asset funds.
UBS hires from Alliance Bernstein
Separately, UBS Asset Management said it has appointed Hayden Briscoe as the Asia-Pacific head of fixed income with immediate effect.
Briscoe joins UBS from Alliance Bernstein. He has 24 years of experience in fixed income and currency, according to the firm.
In his new role, based in Hong Kong, Briscoe will oversee all fixed income portfolio management and business activities in the region.
Rene Buehlmann, head of asset management in Asia-Pacific, said: "[Briscoe's] experience in China complements our aim to be a global leader for China related investments, in both RMB fixed income and equity offerings.
Briscoe reports to Dugenske, and is part of the firm's asset management executive committee for Asia-Pacific.