LGT Capital Management, the asset management arm of Liechtenstein-based LGT Group, has opened its first distribution unit in Asia.

Based in Singapore, the division is led by Marcel de Bruijckere, who previously worked for Fortis Investments and ABN AMRO Asset Management. His most recent roles included being chief executive for Singapore, head of institutional sales for South and South East Asia and head of multi asset solution. He brings with him 20 years of asset management experience, particularly in Asia.

"While we will explore the distribution of products under our own name in Asia, we are also very interested to establish strategic distribution partnerships with financial institutions through sub-advisory and whitelabeling arrangements in cases where our expertise complements their distribution strengths," said Torsten de Santos, the CEO of LGT Capital Management, in a statement. 

LGT Capital Management presently manages around $24 billion in assets worldwide. In Asia, the company is represented by its unit in LGT Bank Singapore, which focuses on institutional clients and wholesale distribution in various markets.