United States-based fund manager American Century Investments has opened an office in the Asia-Pacific region as it seeks to expand its business in Australia and New Zealand.
The move follows the company's decision to establish an office in London in 2008.
"Establishing our international business in 2008 was a significant initiative in our 50-year history of providing value to our investors. Our development into Asia-Pacific is an important and strategic addition to this business," American Century Investments chief executive Jonathan Thomas said.
The firm has hired former Axa Rosenberg director Tony Archer to expand the regional business from Hong Kong.
In his job as managing director for Asia sales, Archer will lead the business development team in distributing products to the Asia-Pacific region, including Australia.
Products targeted at institutional investors include equity growth strategies, global growth, emerging markets and US growth equities.
"More and more, we find Asian investors appreciate the importance of specialist asset managers," Archer said.
