PRESS RELEASE
Hong Kong/Singapore, 2024 April 22 - Wellington Management (“Wellington” or “the Firm”), one of the world’s leading independent asset managers, today announced an exclusive partnership with Standard Chartered Private Bank to offer the firm’s Credit Total Return strategy to clients in Singapore and Hong Kong.
Standard Chartered Private Bank’s client base will have access to Wellington’s actively managed long-only cash and bond strategy managed by Connor Fitzgerald from April 2024 onwards. The strategy invests in a global portfolio of US dollar denominated treasury, corporate, high yield, and emerging market fixed income instruments. Mr. Fitzgerald is a member of Wellington’s Investment Grade Credit Team and has over 18 years of industry experience.
The partnership offers exclusive access to Wellington’s Credit Total Return strategy1 to Standard Chartered private banking clients from April to May 2024 and retail banking clients from June to August 20242.
“With interest rates at their highest levels since the Global Financial Crisis, investors have a renewed appetite for fixed income investing due to the stability of returns and potential income opportunities,” said Elizabeth Chisholm, Head of Client Group, Asia Pacific. “As an investment-led, investment focused firm, Wellington brings a broad array of investment and proprietary research capabilities across fixed income, equities, and multi-asset to the firms we partner with.”
“We are thrilled to partner with Standard Chartered, one of the leading banks in the region, and demonstrate our commitment to providing robust investment opportunities for wealth clients via our USD 450+ billion3 fixed income platform” said Marketa Dvorak, Head of Southeast Asia, Global Wealth Management Group. “We believe the Credit Total Return strategy will provide potential opportunities for clients to further grow their wealth while diversifying their portfolios, which is particularly attractive in today’s market environment.”
Stacey Willoughby | Wellington Management
swilloughby@wellington.com / +44 7504 986 242
Belmont Communications
Holly Huang / Ran Mo
wmc.asia@belmontcomms.co / +65 6832 5070 / +852 2824 8418
Find out more about Wellington in Asia here >
1The fund is currently not registered for sale to retail investors in Singapore and Hong Kong. | 2Availability to retail banking clients is subject to the approval from the Securities and Futures Commission and the Monetary Authority of Singapore. | 3Data as 31 December 2023
