Wednesday, 28 September 2016
Last updated 9 hours ago
Jun 17 2014 | 8:25am ET
GoldenTree Asset Management has opened a new office in Singapore, its first in Asia, naming a former Citigroup executive to lead it.
Shahriar Saadullah has been appointed managing director of business development in Asia-Pacific. He formerly lead Citi’s international fund distribution group in the region, and worked at on the bank’s European fixed-income team.
“It’s very exciting to be a part of GoldenTree’s expansion into the Asia-Pacific markets,” Saadullah said. “The strength and depth of GoldenTree’s catalyst-driven approach and investment team will be ideal in filling the growing appetite for value-add credit investments.”
GoldenTree is based in New York and London, and has offices in Dublin, Ireland, and Luxembourg.
“The opening of a Singapore office is an indication of our commitment to investors in the region and underscores the growing relevance of GoldenTree product offerings to investors in the Asia-Pacific region,” Saadullah’s new boss, Kathy Sutherland, said. The Singapore office will initially focus on business development, which Sutherland leads, but could eventually grow to house investment professionals.