Perpetual appoints new Asia distribution head

Perpetual Limited has appointed former sales Managing Director at MFS Investment Management, Lily Cheung, as its Head of Distribution, Asia.

Now based in Singapore, Cheung will take on the responsibility of developing Perpetual’s institutional client base across Asia.

She spent 14 years at MFS Investment Management, where she maintained relationships with institutional clients including central banks, sovereign wealth funds (SWFs), and public and private pension funds in Hong Kong.

“We are delighted to have Lily join the global asset management team. She brings over 15 years of experience in the asset management industry and will play an instrumental role in building our growing presence in Asia as well as bringing the full suite of investment boutiques within Perpetual to the Asian market,” Perpetual Global Head of Distribution, Adam Quaife, said.

“Perpetual now has key executives leading distribution teams across Asia, Europe, the Middle East, Africa and the Americas, truly highlighting the global presence we have as an asset management business.”

“It’s a really exciting time to be joining Perpetual Group and bringing their multi-boutique investment proposition with a diverse range of investment capabilities to clients across Asia,” Cheung said about her appointment.