Value Partners Group has appointed James Ong as managing director, head of Southeast Asia and chief executive officer of Singapore, effective November 29. The group says the senior appointment is part of its efforts to bolster its Southeast Asia business to capture further growth in the asset and wealth management market in the region.

Based in Singapore, Ong (pictured) brings over 25 years of leadership and sales management experience from leading financial institutions. In his new role, he will be responsible for overseeing the group’s business in Southeast Asia and will become the CEO of Value Partners Asset Management Singapore. He will be leading the group’s institutional business for Southeast Asia, and will be partnering with Wallace Tsang, the group’s head of intermediary business to drive the Southeast Asia intermediaries business. Ong reports to group president June Wong.

Most recently, Ong was managing director and head of Southeast Asia at State Street Global Advisors, where he oversaw the firm’s institutional and intermediary businesses in the region. Before SSGA, he was client director at HSBC Asset Management and director at UOB Asset Management. Prior to that, he worked at a boutique investment advisory firm and insurance companies.