PERSONNEL CHANGESTo Schroder Asian Equity Team
After a career spanning 20 years with Schroders, Leong Wah Kheong, Chief Investment Officer for Asia ex Japan Equity, has decided to leave the firm to pursue his own personal investment interests. We are pleased to announce that Robin Parbrook, who has been Deputy CIO for Asia ex Japan equity since 2001 and a core member of the team since 1991, will now take over as Head of Asia ex Japan Equity. The Schroder Asian Growth Fund, which was managed by Wah Kheong and his team, will now be managed by Robin and his team.
Wah Kheong intends to focus on wealth management for private individuals, and we wish him all the best in this new endeavour. Given Robin's long standing involvement in the Asian equity team - 14 years in aggregate, with the last 4 as Deputy CIO - the transition in leadership will be smooth. There will be no changes to the investment approach, which will remain focused on adding value through bottom up stock selection, and the roles of the other Asian equity team members will remain unchanged. As noted in the attached tables below, the regional portfolio management and analyst team is very experienced and has been very stable. The average tenor of the 4 regional portfolio managers, including Robin, is 10 years with Schroders.
Our Asian investment approach has always been, and will remain, a team based one. As such, portfolio managers do not act individually but rather implement team decisions across the funds for which they are responsible. Wah Kheong's portfolio implementation responsibilities are being transitioned to other team members effective immediately.
As a key architect and senior member of the team, Robin's approach to managing both the team and portfolios will ensure a smooth transition of responsibilities. This change will not result in any major changes to the team, process or roles and responsibilities.
By Schroder Investment Management (Singapore)
NOTE TO FUNDSUPERMART INVESTORS:
The Schroder Asian Growth Fund and the Schroder Singapore Trust are included in the Fundsupermart Recommended Unit Trusts Report 2004. We are currently (as at 26 April 2005) preparing the Fundsupermart Recommended Unit Trusts Report 2005. As such, we are in the process of reviewing all recommended funds for the various categories and will keep investors informed of any updates or changes.
A Chat With Schroders New Head Of Asian Equities
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