L&G grows Investments team in Asia
Uday Patnaik, Head of Asia Fixed Income and Global Head of Emerging Market Debt, relocates to Singapore, expanding local capabilities for the firm's growing client base.
Legal & General (L&G) today announced the expansion of its Investments team in Asia with Uday Patnaik, Head of Asia Fixed Income and Global Head of Emerging Market Debt, relocating to Singapore, effective as of 1 January 2025.
Uday’s move to Singapore, one of the firm’s investment hubs, continues the globalisation of its leading fixed income capabilities with expert portfolio managers located in key locations worldwide to maximise the capture of investment opportunities and enhance expert risk management for clients. The expanded team further deepens local capabilities to deliver for the firm’s growing client base in Singapore and across the region.
Uday first joined L&G’s Asset Management division in April 2014 as Head of Emerging Market Debt and has led the development of the firm’s emerging market debt capabilities within the Active Fixed Income team. Prior to this, he served as Chief Investment Officer at Gulf International Bank (UK) Ltd and held trading and institutional roles at Bear Stearns in London and Merrill Lynch in New York, respectively.
Colin Reedie, Head of Active Strategies and Co-Head of Global Fixed Income, Asset Management, L&G: “Uday’s relocation to Singapore continues the expansion of our investment capabilities in Asia and presence of our Active Fixed income expertise globally. Our clients value our collaborative global team approach, which brings together expert investors across locations to generate investment ideas and global perspectives for our fixed income portfolios.”
Natasha Mora, Managing Director, Asia, Asset Management, L&G: “We are thrilled to welcome Uday to our Asia team. He joins us at an exciting time as we continue to develop our footprint in the region to meet client demand for our high-quality fixed income investment solutions with different risk-return profiles to suit a range of investor needs.”
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Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
L&G's Asset Management business is a major global investor across public and private markets, with £1.1 trillion in total assets under management (as at HY25) of which c. 43% (c. £0.5 trillion) is international. Our clients include individual savers, pension scheme members and global institutions.
We provide investment solutions from index-tracking and active funds to liquidity and liability-based risk management strategies.
Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change. This reflects L&G’s purpose: ‘Investing for the long term. Our futures depend on it.