Acadian Hires Former Vanguard Exec for Asia Office

Acadian Asset Management Singapore announced Ho Yew Weng has joined the firm as Director of Institutional Sales, Asia-ex Japan.

Yew Weng will assist Acadian’s expanding business efforts in Asia-ex Japan, in a sales and client services role.

Yew Weng most recently served as Managing Director at Vanguard Investments Singapore, where he focused on managing institutional relationships in North Asia. Prior to that, he was Director, Business Development and Marketing at UOB Asset Management in Singapore. His professional background also includes nine years in various positions at the Singapore Economic Development Board.

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He holds an M.A. in International and Development Economics from Yale University, and a B.Sc. in Economics (First Class Honours) from the London School of Economics.

Guardian Offers Fiduciary Support Services through SWBC

The Guardian Insurance & Annuity Company (GIAC) has partnered with SWBC Investment Advisory Services to offer plan sponsors fiduciary support.

Starting September 1, the fiduciary support and investment advisory services of SWBC, an independent registered investment adviser, will be available to plan sponsors who utilize The Guardian Advantage or The Guardian Choice as the funding vehicle for their participant-directed, qualified retirement plan. SWBC will act as a fiduciary under ERISA Section 3(21) to plan sponsors who select the service, and enter into an advisory services agreement with SWBC.  

SWBC services can help mitigate a plan sponsors’ risk for selecting, monitoring and diversifying the investment options that are available under the plan, Guardian reports. Plan sponsors who use The Guardian Advantage or The Guardian Choice will have the flexibility to choose an investment line-up that works for their plan. They can choose from one of the two focus lists of investment options or customize the menu of investment options for their plan.  

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With SWBC, plan sponsors will receive: a written commitment of SWBC’s fiduciary investment advisory services; help with developing an Investment Policy Statement for their plan; investment option selection in accordance with ERISA’s “prudent expert” rule and diversification requirements; and comprehensive quarterly investment monitoring reports and quarterly conference calls. These services are at no additional cost to plan sponsors, the plan, or plan participants. 

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