Luxembourg-based Lemanik Asset Management has appointed Alessandro Silvestro as managing director Asia Pacific. He will be heading the newly opened office of Lemanik in Hong Kong and will join the management committee.
Silvestro will report directly to Philippe Meloni, Lemanik group CEO.
Most recently, he was head of Sales at Standard Chartered Hong Kong focusing on the fast growing insurance segment in Asia. Prior to that, he occupied various roles with RBC Investor Services in Luxembourg, Milan and Hong Kong.
The firm specified Silvestro’s hire comes amid a rising interest among Asia Pacific traditional and alternative asset managers to set up Ucits, AIFs, RAIFs or Icavs.
Silvestro said: “Lemanik has always been committed and successful to Asia Pacific as 20% of our clients already come from the region.
“Asian clients are probably the most demanding and sophisticated in the world. Our onshore presence will elevate and differentiate our offering, immediately addressing our clients’ needs. As Asia Pacific is now represented at the management committee, Lemanik has raised the bar to a whole new level for the management company business. Already a leading management company, Lemanik is the #SuperManco of reference to support Asia Pacific investors’ internationalisation. I do look forward to meeting our clients and partners to share our unique solutions for their Ucits, and AIF projects.”