© Reuters.
In a strategic move to bolster its institutional business in Europe and Asia, Capital Group has appointed Benno Klingenberg-Timm as its head of institutional clients for the two regions. Klingenberg-Timm, who brings over two decades of experience from UBS Asset Management, is expected to leverage his expertise to grow the company’s institutional clientele.
Klingenberg-Timm’s appointment comes into effect immediately. Based in Singapore, he will report directly to Guy Henriques, the president of the Europe and Asia client group (EACG). In addition to his leadership role, Klingenberg-Timm will also serve on the EACG management committee.
During his tenure at UBS, Klingenberg-Timm held senior roles, including head of institutional for Asia Pacific. He managed global sovereign markets for APAC and Middle East and sovereign clients at UBS’s Swiss asset management arm in Singapore and Zurich. His career has spanned across Singapore, Zurich, and now Europe, marking a continual expansion of his geographical responsibilities.
The appointment follows significant strides made by Capital Group in gaining investor support in Asia and Europe. According to Henriques, this move aims to enhance Capital Group’s service to institutional clients and align with their long-term financial goals.
The Thinking Ahead Institute ranks Capital Group as the world’s 8th largest manager of pensions and investments with a portfolio worth $2.2 trillion. UBS, where Klingenberg-Timm previously served as regional head, is ranked 10th with $1.8 trillion.
The appointment comes after UBS expanded its fund business through the acquisition of Credit Suisse. With these moves, both companies are demonstrating their commitment to strengthening their positions in the global investment landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here