Schroders bond veteran joins Asian group as head of fixed income

Fullerton Fund Management has hired Schroders’ head of credit for Asian and emerging markets, who has been with the firm for 22 years, as head of fixed income.

Angus Hui (pictured) has moved from Hong Kong to Singapore to take up his new role, effective today, and will lead the 18-person bond team. He will also be responsible for expanding the group’s range of fixed income strategies, as well as generating alpha and integrating ESG considerations into all portfolios.

Hui reports to Ken Goh, rated AAA by Citywire, who was named chief investment officer in April, succeeding veteran Patrick Yeo who has been with the firm for 17 years.

“This key appointment reflects the next step in our journey,” said Ken Goh. “Appointments of this caliber and experience reflect Fullerton’s ambition and commitment to growing our already strong fixed income business.”

In his new role, Hui will also work closely with Ong Guat Cheng, who has been promoted to head of fixed income in Asia from senior vice president and portfolio manager.

Hui has 25 years of industry experience, having worked his way up the ranks since joining the UK asset manager in 2000. Prior to Schroders, he began his career in research roles at HSBC in Hong Kong, before joining Standard & Poor’s in Australia.

Hui’s departure from Schroders prompted Morningstar to issue a note last month warning of the implications on the funds he managed, although fund ratings remained unchanged on the news. Schroder ISF Asian Credit Opportunities and ISF All China Credit Income both outperformed their benchmarks.

Fullerton, with offices in London, Shanghai and Brunei, is part of multi-asset management group Seviora, set up by Temasek, a state-owned holding company owned by the Singapore government.

Garland K. Long