People Moves

Threadneedle taps Merrill veteran Raymundo Yu

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 Raymundo Yu
Threadneedle Asset Management has appointed Raymundo Yu as chairman of Asia Pacific, a newly-created position by the London-based firm, which has significant growth plans in the region.

Yu is a long-serving Merrill Lynch veteran, having spent nearly three decades in various posts in Asia, the Middle East, Europe, the UK and the US. He served as the bank’s Asia Pacific chairman from 2000 until his retirement in2008.

In his new role, Singapore-based Yu will help build out the regional business of Threadneedle and its sister company, US mutual fund manager Columbia Management. Both firms have