Partners Group makes 'dynamic' PH its services hub
MANILA, Philippines – Switzerland-based Partners Group, a global private markets investment manager, will set up its services hub in the Philippines in two months to address the needs of its affiliates in Asia.
Expanding its presence in the region, Partners Group said its office in Bonifacio Global City in Taguig will be operational by September.
Christoph Rubeli, Partners Group co-CEO, said the company has begun recruitment for its services hub. (READ: Affinion Group makes PH its Asia-Pacific hub for back office)
"Partners Group's continued growth in investment activity and assets under management is creating a parallel growth in demand for our internal services teams, which is why we are opening a services hub," Rubeli said in a statement.
He said Partners Group chose the Philippines because of its dynamism.
“We considered several locations before deciding on the Philippines as the most suitable place. Manila has developed into a thriving global business hub in recent years and we felt this dynamism offered a great cultural fit for Partners Group and the opportunity to deepen our networks within Asia across all business lines," Rubeli said.
Grace del Rosario-Castaño, a member of Partners Group's Board of Directors, said its new team in the Philippines will play an important role in delivering industry information internally and to its clients.
"With our new office opening, we are proud to offer a fantastic career opportunity to talented people interested in a future within the financial services sector," Castaño said.
Partners Group opened its first Asian office in Singapore in 2004, followed by Tokyo in 2007 and Sydney and Seoul in 2008.
The private markets investment firm currently has offices in Shanghai and Mumbai, employing over 250 people in the Asia-Pacific region across all its business lines.
In 2015, Partners Group made 9 direct investments in Asia – including the investment in Aiyingshi, a leading Chinese retailer of maternity and baby products; and the development of Ararat Wind Farm near Melbourne, Australia, as part of an investment consortium.
In 2016, the investments company participated in the joint acquisition of a majority stake in Au Housing Finance, a provider of housing loans in India's affordable housing segment, on behalf of its clients. – Chrisee Dela Paz/Rappler.com