Nuveen, the asset management business of US firm TIAA, has expanded its Asia-Pacific presence beyond Australia by opening a new office in Hong Kong.
Nuveen's new Hong Kong office will be led by senior managing director and head of Asia-Pacific Simon England-Brammer, who will report to Nuveen head of international advisory services John Panagakis.
The new Hong Kong office will complement Nuveen's Sydney office led by Andrew Kleinig, which TIAA opened in 2015. Mr Kleinig will now report to Mr England-Brammer.
Mr Panagakis said investors in Asia-Pacific, like other investors around the world, are seeking portfolio diversification, uncorrelated returns and income.
"With Simon’s leadership, our Asia-Pacific team will work with institutions to find the right solutions to those challenges, providing insights and access to the broadest range of outcome-oriented strategies, including customised approaches," he said.
Mr England-Brammer will be supported in the Hong Kong office by Ying Li Tan and Jae Ho Chang, who make the move from Invesco and Nuveen's TH Real Estate affiliate, respectively.