Wellington Management partners Standard Chartered in Singapore, HK for investment strategy

Independent asset manager Wellington Management has partnered 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.

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 strategy, which is currently not registered for sale to retail investors in Singapore and Hong Kong, to Standard Chartered private banking clients from April to May 2024 and retail banking clients from June to August 2024.

Availability to retail banking clients is subject to the approval from the Securities and Futures Commission and the Monetary Authority of Singapore.

Elizabeth Chisholm (pictured), head of client group, Asia Pacific, said: “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.

“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.”

Marketa Dvorak, head of Southeast Asia, global wealth management group said: “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+ billion fixed income platform.

“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.”