La FranÃ§aise, a Paris-based asset manager with €41 billion under management, has appointed a head of sales for Asia and is registering funds for sale in the region.
The firm, which is partly owned by Credit Mutuel Nord Europe and directors and employees, has appointed Guillaume Dhamelincourt, who previously worked at JK Capital Management, an Asian value equities firm that La Française has a minority interest in.
Dhamelincourt joined JK Capital Management in 2011 from HSBC Specialist Partners, where he was investment director. La Française’s interest in JK Capital Management dates back to 2010.
Dhamelincourt’s task is to expand business through third-party distribution networks and institutional investors.
Philippe Lecomte, chief executive of La Française AM International and head of institutional development (France and International) says Dhamelincourt’s appointment comes at the right time because La Française is registering funds for local distribution.
He adds: “La Française is going further to expand its footprint in Asia. In 2010, we took a minority interest in JK Capital Management Ltd, a Hong Kong-based asset management firm specialised in Asian value equities. And just four months ago, we signed a strategic partnership with Forum Partners, an independent global real estate investment management firm that has offices throughout the world and a significant presence in Asia.”
Guillaume will be working out of JK Capital Management headquarters located in Hong Kong.
HSBC Specialist Investments, a property and infrastructure private equity arm of HSBC, is now InfraRed Capital Partners.
©2014 funds europe