Barings Asia Welcomes New CIO

Vanessa Doctor

15 May 2011

Baring Asset Management has named Wilfred Sit as chief investment officer of Barings Asia.

Sit joins the firm from Mirae Asset Global Investments, where he served as head of Asia-Pacific investment strategy and regional chief investment officer for the Asia-Pacific before he became the head of emerging markets investment strategy. He actually returns to Barings, having worked as director and head of Asian equities between 2004 and 2007.

In his new role, he will be based in Hong Kong and will lead the state's equity team. He will work closely with Colin Ng, the head of Asian equities, and Agnes Deng, the head of Hong Kong China equities. He reports directly to Tim Scholedield, the head of equities for Barings.

Barings manages more than $13 billion in Asian equities in a range of pooled funds and segregated mandates. Products cover established funds, such as the $4.3 billion Baring Hong Kong China fund, the $180 million Baring Asia Growth fund, and the $320 million Baring Korea Trust.