H2O Asset Management (“H2O”) - an affiliate of Natixis Investment Managers and a specialist in global macro multi-strategy investments - is in the process of opening its first office in Asia setting up a wholly-owned subsidiary, H2O Asset Management Asia Pte. Ltd1. This marks H2O’s efforts in extending its global footprint, and the Singapore office is set to be positioned as H2O’s investment hub in Asia.

H2O’s plans to open its Singapore office follows closely from the recent opening of its office in Paris, signalling the ramping up of its international expansion strategy. Founded in 2010, H2O currently manages US$29.8bn2 on behalf of its clients, with its funds providing institutional, corporate and private investors with access to global macro strategies within a UCITS framework, actively managed across global debt, currency, and equity markets.

The Singapore-based subsidiary will mirror the investment philosophy and process of its London headquarters, overseen by Bruno Crastes, CEO and Vincent Chailley, CIO who are the co-founders of H2O. The Singapore subsidiary will help to expand H2O’s investment capacity by co-managing assets from London through expanding the trading time zone to include Asia, as well as to expand H2O’s investment universe more deeply by including Asian assets.

Bruno Crastes, CEO of H2O, said: “Over the years, H2O has grown from strength to strength, and our move into Asia is a natural progression in our efforts to expand our services and capabilities to better serve our clients, especially for those who are based in the Asia-Pacific region. Singapore is widely regarded as one of the key financial hubs, and as the world pivots increasingly towards Asia, with the asset management space being one of the fastest-growing, we believe now is the opportune time to establish our presence in the region and get closer to our clients.

Philip Chow will take on the role of CEO of the Singapore-based subsidiary. He will report to Vincent Chailley for investment purposes and he will lead the Singapore office. With 26 years of experience in the asset management industry, Philip was previously the Chief Investment Officer at Amundi Singapore, overseeing the investment and business activities in the Asia-Pacific region. At his sides, Lhoucine Aderdor, senior portfolio manager with 15 years’ experience in the finance industry who joins from Amundi, and Alexis Lavergne who joins from Blackrock, as client portfolio manager to pursue H20’s strong commitment to client servicing in the region. The team will be further bolstered in 2019 to support local operations.

Philip Chow, CEO of H2O Asset Management Asia Pte. Ltd, said: “Having a presence in Asia enables us to broaden and deepen our relationships with our clients, but also to have stronger insights on Asian investments, better understand local intricacies and enlarge our view on the world. The Singapore office provides H2O with the opportunity to enhance local investment capabilities in the region capturing a rapidly expanding, and increasingly important market. I am excited about this launch in Singapore as we enter the next phase of growth for the company.

Fabrice Chemouny, Head of Asia Pacific at Natixis Investment Managers, said: “H20’s expansion in Singapore is consistent with Natixis Investment Managers’ strategic plans to increase local management in the Asia Pacific region and continue to expand our product range. H20’s highly active investment solutions and strong track record will make a substantial contribution to our range of alternative investments available to Asia Pacific investors through our distribution platform”.

Biographies

Philip Chow has 26 years of experience in global markets covering rates, credit and currencies. Most recently, Philip was the Chief Investment Officer at Amundi Singapore from 2012 to 2018, where he helped oversee investment and business activity in the Asia-Pacific region and was part of the Amundi Group’s Global Executive Committee for Fixed Income and the Global Fixed Income Architects Committee. His career in the finance industry began in 1992 in London, and he has taken on analyst and portfolio manager positions in firms such as Threadneedle Asset Management, WestLB Asset Management, F&C Asset Management and AXA Investment Managers. Philip graduated from the London School of Economics and Political Science with a BSc (Econs) in Monetary Economics. He is also a CFA Charterholder.

Lhoucine Aderdor has more than 15 years’ experience in the finance industry. Lhoucine was most recently a Senior Portfolio Manager at Amundi, where he was part of the Global Fixed Income & Currency team in Singapore from 2010 to 2018, and in London from 2005 to 2009. In his position, Lhoucine co-managed Global Fixed Income benchmarked and absolute return funds and mandates with a focus on FX, rates and credit, using a risk budgeting approach. Before joining Amundi, he worked at a Hedge Fund as a trading analyst. Lhoucine holds a Postgraduate diploma in Finance from the University of Rennes, France, a Master’s degree in Finance, Business and Management and a Bachelor’s degree in Economics.

Alexis Lavergne. Prior to joining H2O AM, Alexis worked at BlackRock in Singapore within the Southeast Asia ex-Singapore Client Business, covering asset and wealth managers in Thailand, Malaysia, the Philippines and Brunei. Alexis graduated from the London School of Economics with a postgraduate Diploma in Accounting & Finance and he holds a Master in Management from EDHEC Business School (France). Alexis is a CFA Charterholder.

 


1 Subject to final approval by local regulator. The H20 Singapore-based subsidiary is currently applying for a fund management licence with the Monetary Authority of Singapore. 2 As of 30th September 2018

H2O Asset Management LLP
An affiliate of Natixis Investment Managers
Authorised and regulated by the Financial Conduct Authority (FCA)
FCA Register no. 529105
10 Old Burlington Street - London W1S 3AG - United Kingdom
www.h2o-am.com

Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
www.im.natixis.com

This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.