Yu’s Threadneedle appointment signifies Asian growth push

Threadneedle appointed Raymundo Yu to the newly created position of Asia Pacific Chairman. Mr Yu’s appointment will expand relationships and build on the established presence of Ameriprise’s asset management businesses in Asia, leveraging the considerable investment capabilities of Threadneedle and its sister company Columbia.

Mr Yu is a senior international financial services executive with almost 30 years experience gained working across Asia, the Middle East, Europe, the UK and in the US. He has an outstanding record of building financial services franchises across broad geographic regions.

Mr Yu was a member of the Merrill Lynch and Co. Operating Committee and was Chairman, Asia Pacific Region at Merrill Lynch from July 2000 to December 2008, where he was responsible for leading an integrated platform across businesses and geographies. In this role he led the development of long-term strategies for the region across the firm’s asset management, wealth management, global markets, investment banking and principal investments businesses, managing high-level client relationships and working closely with regulators and government agencies.

“The opportunity in Asia for Threadneedle and Ameriprise Financial is an exciting one and I am looking forward to working with the team as we build the business. Asia is a highly competitive and developed investment market and I believe the outstanding long-term performance record and solutions-based approach of both Threadneedle and Columbia will appeal to investors in the region. We hope to bring something new to the marketplace, combining a genuine client-focused approach and service with sustainable, long-term out-performance across asset classes,” said Yu.