Baring Asset Management hired Thomas Kwan, formerly of ICBC Credit Suisse, as its head of Asian debt.
Kwan will be responsible for the management of Barings’ Asian debt investments, where the manager sees a significant investment opportunity in the growth of Asian economies.
The firm believes that the Asian bond market offers attractive risk-adjusted returns for investors, with the appreciation of Asian currencies expected to be a significant source of capital appreciation.
Thanasis Petronikolos, head of emerging market debt at Barings, said: “We have conviction that Asian debt offers the potential for very attractive risk-adjusted returns and expect demand for this type of product to grow as clients look to invest in Asian local currency debt for its strong diversification benefits.”
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