Fidelity Investments will expand its young business in Singapore this quarter by hiring its business development team and transferring investment managers, says John Ford, managing director for Asia ex-Japan in Hong Kong. The build-up begins with Madeline Ho, who began working at the firm this month after serving for nine years with rival Franklin Templeton in Singapore.
The office was opened only two years ago under Andrew Jenkins with a small business team. Jenkins oversaw the launch of a range of US dollar-denominated funds there, following liberalization allowing the introduction of offshore retail products.
While Ho is charged with hiring sales and client support people, Fidelity is...
