Federated Investors, Inc. (NYSE: FII), one of the largest investment managers in the United States, today announced the hiring of an Asia-Pacific chief executive officer and two veteran professionals to lead the company's business development efforts and to identify opportunities in the Asia-Pacific region. The team will focus on the regional distribution of existing Federated investment strategies and growing strategic relationships with financial institutions.
In a newly created position, Bill Taki joins Federated as chief executive officer of Federated Investors Asia Pacific. Taki brings to Federated 34 years of experience in business development, corporate finance, asset allocation, risk management and financial technology. Taki joins Federated from Phoenix Global Capital Management, a cross-border asset-management services firm with expertise in traditional and alternative investments, as well as real estate and sustainable investments. In his most recent role as principal and chief executive officer, he was responsible for the initiation and implementation of asset-management strategies, product development, global marketing, distribution and compliance. His previous experience included serving as chief executive officer and chief investment officer at asset managers focused on global alternative investing and alternative index strategies. Taki earned his MBA from the University of Chicago. Taki will report to Gordon J. Ceresino, vice chairman of Federated Investors, Inc. and president of Federated International Management Limited.
"Bill brings more than 30 years of demonstrated success in developing investment-management business, and his efforts will be key to helping Federated deliver the solutions sought by financial intermediaries in the Asia-Pacific region," said Ceresino. "Joining Federated under Bill's leadership are two business-development professionals, Bill Mukai and H.P. Yoe, each of whom has decades of experience in the region, including in Japan, Greater China, South Korea, Australia and Singapore."
Bill Mukai joins Federated from Phoenix Global Capital Management as managing director and head of Asia-Pacific client relationships. At Phoenix he led strategic initiatives involving responsible investments for traditional and alternative asset managers. He has an in-depth knowledge of Asia-Pacific financial and asset-management markets from his work at international investment banking and brokerage firms and his studies at the University of Southern California. Mukai will report to Taki.
Hun Pil Yoe brings more than 30 years of cross-border finance experience to his new position at Federated as managing director for South Korea. He previously served as a consultant with Phoenix Global Capital Management and prior to that served as chief executive officer among other executive positions at the commodity pool operator and futures trading subsidiary of a major South Korean multinational conglomerate. Yoe earned his degree from Sogang University in Seoul, South Korea. Yoe will report to Taki.
The new Asia-Pacific sales team builds upon Federated initiatives to grow its global presence over the past two and a half decades. Federated managed $19.0 billion in non-U.S. assets at Dec. 31, 2016, after launching its global business operations in 1991, when the company established Federated International Management Limited, a wholly owned subsidiary in Dublin, Ireland, becoming the first U.S. company to have money market funds registered and approved for distribution to the European community. In 1998, Federated launched a venture with German insurer LVM-Versicherungen to offer Federated funds in Germany and other German-speaking countries. And in April of 2012, Federated completed its acquisition of Prime Rate Capital Management LLP, a United Kingdom-based provider of institutional liquidity and fixed income products. In 2014, Federated expanded its global reach through a marketing services agreement with RJ Delta Fund Management, now known as Delta Asset Management, to distribute Federated equity and fixed-income products through pension funds in Chile and throughout Latin America. Most recently, in early 2016, Federated expanded access to its Strategic Value Dividend strategies, which seeks to invest in companies that pay high and rising dividends, by launching the strategy as a Canadian mutual fund for investors in that country.
Federated Investors, Inc. is one of the largest investment managers in the United States, managing $365.9 billion in assets as of Dec. 31, 2016. With 124 funds and a variety of separately managed account options, Federated provides comprehensive investment management to approximately 8,500 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.
