Robeco appoints new CEO for Asia Pacific
Hong Kong, 1 July 2011
PRESS RELEASE
Robeco appoints new CEO for Asia Pacific
Robeco announced today that Tony Edwards has been appointed Chief Executive Officer Robeco Asia Pacific, effective 1 September 2011. Frances Chang, CEO Greater China and South East Asia, has retired from the Company as per 30 June 2011.
Tony Edwards will be responsible for continuing to build Robeco’s presence as well as further expand its business to the whole region in order to fit the Company’s broader growth plan in Asia Pacific. He will be based in Hong Kong. Prior to joining Robeco, he was head of Asia Pacific (ex-Japan) at Neuberger Berman from October 2009. Before this role, he spent ten years at AllianceBernstein and served as a senior portfolio manager for over five years in Asia. Tony Edwards earned a B.Sc (Hon) in Business Information Technology at the Central University of Lancashire, UK and completed the London Business School finance program.
On behalf of the Management Board, Hester Borrie commented: “Asia is key to the Company’s development and we will continue to commit to our growth in this region. I am delighted to welcome Tony to Robeco and lead the firm to the next growth phase in Asia-Pacific. Apart from his long and proven track record in leadership positions which has prepared him well for this role, Tony’s deep knowledge in portfolio management and client-facing experience are also strong additions to our Asia Investment Center and further enhance our expertises to sophisticated investment clients. We’re thrilled to have him in this leading position to drive the strategic growth plans of our company.”
“In the meantime, we are grateful for Frances’ contribution and leadership”, Hester Borrie added. “Thanks to her efforts, Robeco has sucessfully built up a strong foundation for our business expansion in Greater China and South East Asia. We respect her decision and extend our best wishes to her in the future.”
“Asia is an important engine for global growth”, Tony Edwards, newly appointed CEO for Robeco Asia Pacific, said. “Robeco, with its strong regional network and proven global capabilities is well positioned to provide Asian investors with the right investment solutions.”
Frances Chang said: “Robeco is a fast growing company in the industry. I am very proud of to be part of its growth and express my deep gratitude to the guidance from regulators, to our clients, distribution partners and colleagues’ incredible support in the midst of my tenure. I am eager to witness its continual success.”
The appointment is subject to Securities and Futures Commission (SFC) approval of Tony Edwards as Responsible Officer of Robeco Hong Kong Ltd.
About Robeco
Robeco, established in Rotterdam in 1929, offers investment products and services to institutional and private investors worldwide. It has approximately EUR 150 billion in assets under management (at 31 December 2010).
Robeco advocates responsible investing. Environmental, social and governance factors are integrated into the investment processes, and there is an exclusion policy in place. Robeco makes active use of its voting right and enters into dialogue with the companies in which it invests.
The product range encompasses equity and fixed-income investments, money-market funds, responsible investing and alternative investments, including private equity, hedge funds and structured products. The various strategies are managed from Rotterdam (head office), Boston, Hong Kong, New York, Paris and Zurich.
To service institutional and business clients, Robeco has offices in Bahrain, Greater China (Mainland, Hong Kong, Taiwan), France, Germany, Japan, Korea, Luxembourg, Spain, Switzerland and the United States. Robeco has a banking license in the Netherlands, where it can sell its products straight to private clients.
Robeco holds a 100% interest in Corestone (Zug, Switzerland), Harbor Capital Advisors (Chicago, US), Transtrend (Rotterdam, the Netherlands) and in SAM Group (Zurich, Switzerland). Robeco also holds a 49% interest in Canara Robeco Asset Management (Mumbai, India) and a 51% interest in Robeco Teda (Tianjin, China).
Robeco is part of Rabobank Group, one of the few privately owned banks in the world with the highest credit ratings from Moody’s and Standard & Poor’s. Furthermore, within the banking sector, Rabobank is one of the global leaders in terms of corporate social responsibility and sustainability.