M&G’s global asset management arm has secured a Securities Investment Consulting Enterprise (SICE) business license in Taiwan, allowing the firm to establish a new office in Taipei as part of its Asia expansion strategy.
To coincide with M&G’s growth ambitions and to nurture its commitment to the market, Berny Lin has been appointed as chairman of the board of directors for M&G Taiwan, while Steven Wang has been appointed general manager.
Lin currently serves as Asia ex-Japan head of distribution for M&G and has more than two decades worth of experience in the asset management industry. Lin will be responsible for strengthening M&G’s wholesale and institutional presence in the region.
Wang, who is based in Taipei, will be responsible for leading and growing M&G’s institutional and wholesale business in Taiwan, alongside leading local teams to build and strengthen relationships with clients and partners.
“We are delighted to have secured the SICE license for Taiwan, which enables us to bring M&G’s global investments perspectives and specialist expertise closer to our clients and allow us to gain a deeper understanding of their specific requirements,” said Neal Brooks, global head of product and distribution at M&G.
Since 2006, M&G has maintained a presence in Asia Pacific and has expended in key Asian markets to complement existing market positions in the UK and Europe.
Having secured a SICE licence, M&G will be able to reinforce its existing client base and build new client relationships in Taiwan.
“Attaining this milestone underscores our ongoing commitment to the region and ambition to expand operations in this part of the world,” said Loretta Ng, head of Asia Pacific at M&G.
“Taiwan is a key market and we are now aligned to provide tailored investment solutions to meet the unique needs of Taiwanese investors. With our expertise and track record, we are well positioned to provide investment excellence.”
Earlier this year, M&G appointed Manabu Fujita as head of M&G Investments Japan, as part of its commitment to the Japanese markets and to help facilitate business growth in the region.
Fujita joined from Schroders Investment Management Japan, where he spent the last 15 years, most recently serving as head of sales.