MA Financial doubles down on Asian distribution growth
MA Financial has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business.
The $10.3 billion alternative asset manager has hired Kit Toh to fill the position, who will focus on providing Asian investors with access to high-quality alternative investment opportunities.
Toh will also help bolster the growth with institutional and wealth clients across the region, MA Financial said.
She joins from private equity investing platform Moonfare, where she served as head of Asia Pacific and CEO of Singapore. Toh also held roles at Capital Group, JP Morgan Asset Management, and Morgan Stanley.
Although MA Financial has been actively providing investment solutions in the Asia region for over a decade, it said the growth of its Singapore office is a critical step for the business.
Toh’s appointment follows the recent launch of its inaugural private credit listed investment fund, the MA Credit Income Trust. Earlier this year, the company also said it is targeting assets under management of $15 billion by December 2026.
“Kit Toh’s appointment to head of Asian distribution, where she will progress our capital strategy in the region, signifies the growing demand for Australian private credit and alternative real estate investments in Asia. This has been highlighted through our recent billion dollar deal with Warburg Pincus,” said Andrew Martin, MA Financial’s head of asset management.
According to Martin, hiring a head of Asian distribution will be integral to expanding its investment and distribution capabilities as it seeks to launch new offerings in Asia.
Commenting on her own appointment, Toh said: “I am excited to leverage MA Financial’s long-standing presence in the Asian market and standout capability in the alternative asset space, helping to drive the conversation surrounding private credit and alternative real estate in Singapore and beyond.
“Asia is one of the fastest growing global wealth regions, with unprecedented investor demand in the alternative assets sector.”
The asset manager also recently appointed Renee Oldfield as executive director in the asset management business to support the growing demand from financial intermediaries and family offices across Australia.
In her new capacity with MA Financial, she will be based in Perth and primarily responsible for the company’s key stakeholder relationships in both Western Australia and South Australia.
AUTHOR
Jasmine Siljic
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
Six Australasian sustainable funds closed in the last quarter, according to Morningstar, while 39 per cent of all strategies saw outflows during the period.
