Janus boosts Singapore operations

US fund manager Janus named Augustus Cheh as president of non-U.S. business arm Janus Capital International. It also stated that it will base a fund manager in Singapore as part of a plan to grow its global operations.

Cheh, formerly CEO of AllianceBernstein Hong Kong, will take up his new position at Janus effective March 29. He will be based in Hong Kong.

Janus, which manages $161 billion globally, also announced plans to grow its Singapore operations by hiring Hiroshi Yoh as portfolio manager of Asian equity strategies and Singapore CEO.

"Yoh will help to build up an on-the-ground investment team�based in�Singapore," a Janus spokesman in Hong Kong said. "This will enhance our existing research capabilities and allow us to increase stock coverage in this very important region."

Yoh, previously Tokio Marine Asset Management's Singapore CEO and chief investment officer for Asia excluding Japan, will start on April 1.

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