Private Banks

Wellington Management Teams Up with Standard Chartered to Offer Exclusive Credit Strategy in Asia

Wellington Management, an independent asset management firm, has entered into a partnership with Standard Chartered Private Bank.

Through this collaboration, Standard Chartered’s clients in Singapore and Hong Kong will gain access to Wellington's Credit Total Return plan starting in April 2024. This plan, managed by Connor Fitzgerald, involves an actively managed long-only strategy that focuses on a global portfolio including corporate, high yield, emerging market, and treasury fixed income instruments denominated in US dollars.

Connor Fitzgerald, who has over 18 years of experience and is a key member of the Wellington Investment Grade Credit Team, will oversee this strategy. The partnership allows Standard Chartered’s private banking clients to fully engage with this strategy from April to May 2024, and extends to retail banking clients from June to August 2024.

Elizabeth Chisholm, head of the client group in Asia Pacific at Wellington, commented on the increasing interest in fixed income investments. She noted that the current high interest rates, the highest since the Global Financial Crisis, have rekindled investor interest in fixed income due to its potential for stable returns and income generation opportunities.