Federated Investors has tapped Craig Bingham to lead the firm’s new Asia Pacific subsidiary. Federated will open a Melbourne, Australia office in the coming weeks and expects to have a sales and office support team in place by the end of this year.
Bingham will manage Federated’s efforts to expand globally through the development of an Australia-based investment management hub that also will serve as a gateway for the firm’s new business venture in Asia. The Melbourne office will focus on regional distribution of existing Federated strategies as well as the development of new products for Australia. In addition, Bingham will lead efforts to identify opportunities throughout Asia, primarily in Japan, Taiwan, Singapore and Hong Kong, as well as the Middle East.