The latest moves in asset and wealth management from across Asia-Pacific.

Somerset
Somerset Capital Management, the emerging markets equities specialist based in London and Singapore, has named Min Chen as a portfolio manager on the China team.

Before this, Min Chen worked at Dymon Asia, where he was the portfolio manager of the Prospect View China Fund. Prior to joining Dymon Asia in 2018, he was head of China at RWC Partners, MD at Everest Partners and chief representative of Arisaig Partners in Shanghai.

Lilian Tai, a Singapore-based analyst who previously worked with Min Chen at Dymon Asia, is also joining the team. She brings with her over eight years of experience of investing in Asian emerging market equities with a particular focus on environmental, social and governance research in China.

As part of the team hire, Somerset Capital will take over running the Prospect View China Fund on 1 November. David Heng, the senior China analyst at Somerset Capital, will take on the role of assistant portfolio manager of the fund. He and Min Chen will be supported by Lilian Tai and Jovan Yeow, who joined Somerset Capital as senior analysts from Capital Group in February 2020.

The hires take the total investment team to 23 fund managers and analysts. 

Min Chen and Lilian Tai will be based in the Singapore office.

The Prospect View China Fund is a Cayman Islands-domiciled vehicle available for sale to eligible investors on a restricted basis in Asia and the United States. Somerset Capital expects to launch a China vehicle for UK and European investors in 2021.