Threadneedle appoints first Asia Pacific chairman

Threadneedle, the international investment arm of Ameriprise Financial, has appointed Raymundo Yu to the newly created position of Asia Pacific chairman.

His appointment is intended to expand relationships and build on the presence of Ameriprise’s asset management businesses in Asia, leveraging the investment capabilities of Threadneedle and its sister company Columbia.

Yu is a senior international financial services executive with almost 30 years’ experience gained working across Britain, America, Asia, Europe and the Middle East. (article continues below)

Prior to joining Threadneedle, Yu was a member of the Merrill Lynch operating committee and also held the role of chairman.

Threadneedle first moved into Asia in 2008 and has offices in both Hong Kong and Singapore.