U.S. fund manager Janus on Thursday named Augustus Cheh as president of non-U.S. business arm Janus Capital International and said it also will base a fund manager in Singapore as part of a plan to grow its global operations.

Cheh, formerly CEO of AllianceBernstein Hong Kong, will take up his new position at Janus effective March 29. He will be based in Hong Kong.

 

Janus, which manages $161 billion globally, also announced plans to grow its Singapore operations by hiring Hiroshi Yoh as portfolio manager of Asian equity strategies and Singapore CEO.

 

“Yoh will help to build up an on-the-ground investment team based in Singapore,” a Janus spokesman in Hong Kong said.

 

“This will enhance our existing research capabilities and allow us to increase stock coverage in this very important region.”

 

Yoh, previously Tokio Marine Asset Management’s Singapore CEO and chief investment officer for Asia excluding Japan, will start on April 1.

 

Janus’ Singapore operations currently comprises a small team of traders who execute orders on behalf of the firm’s fund managers. The firm downsized its Singapore office in November 2008 by shifting its sales operations to Hong Kong.

 

Besides Hong Kong and Singapore, Denver-based Janus’ other non-American offices are in London, Milan, Munich, Tokyo and Melbourne.