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Alternative Market Briefing

Eaton Vance expands fund management operations in Singapore

Tuesday, February 21, 2012

From Precy Dumlao, Opalesque Asia – Boston-based asset manager Eaton Vance has revealed its expansion plans in Asia after the Singaporean government granted its request to conduct fund management in the city-state. Eaton Vance was given the license after setting up an office in Singapore in late 2011.

The $184.5bn Eaton Vance and is one of the oldest investment management firms in the United States, unveiled its business plan in the region. A report by AsianInvestor.net claimed that the fund management firm wants to focus on marketing bank loans, U.S. high yield, structured emerging-market equities and global macro absolute return for its Asia-Pacific operations.

The granting of Eaton Vance’s Singapore license is very timely for the fund management firm’s Pan-Asia push with the appointment earlier this month of Scott Lawrence as its Managing Director – Australia. Lawrence will be responsible for the development and growth of Parametric’s tax-managed investment offerings in the Australian market. He will report directly to Parametric’s Seattle-based CEO, Brian Langstraat. Parametric, a majority-owned subsidiary of Eaton Vance Corp.

Langstraat commented on the appointment of Lawrence, "For the past ten months, Scott ha......................

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