City Financial appoints Philip Kay as head of Asia
City Financial Investment Company, the London-based independent investment manager, has appointed Philip Kay as head of Asia, a newly created role.
Based in London, Kay will be responsible for overseeing City Financial’s operations in Asia, where the firm has been active since 2010.
Kay has over 17 years’ experience running large global equity platforms in the Asian markets. He previously worked at Credit Suisse First Boston (CSFB) as head of the Japanese global cash equity division and before that was head of Asia at Schroder Securities and Smith New Court.
Kay joined City Financial in 2012 as portfolio manager of the offshore non-retail Japanese equity funds, Akamatsu Fund and Akamatsu Bonsai Fund, which he will continue to manage.
As part of its continuing expansion in the region, the firm is launching a Japanese equity UCITS fund, the City Financial Japanese Opportunities Fund, on 16 December 2013. The fund will be managed by City Financial manager Peter Nicholas, who has over 25 years’ experience managing Japanese equity funds, including eight years working in Tokyo.
Kay’s appointment follows the recent hire of Geoffrey Barker and his team to manage City Financial’s new Asian macro fund, to be launched in Q1 2014. This will be a joint venture with City Financial Investment Company (Hong Kong) Limited, managed from their offices at 8 Queen’s Road Central in Hong Kong.
Andrew Williams, chief executive of City Financial, says: “With Philip’s extensive knowledge of the Asian markets, we felt this was a natural progression of his role at City Financial as we continue to expand our Asia proposition. The launch of the Japanese Opportunities fund in addition to the Asian macro fund reinforces our commitment to the region and to providing the best investment opportunities for our clients.”
Kay says: “I look forward to working closely with Geoffrey Barker and Peter Nicholas, both of whom I have had a professional relationship with for over 20 years, and to supporting City Financial’s strategy for robust growth in the region.”
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