New CEO to grow Straits Lion into big cat

Daniel Chan has resigned from UOB Asset Management in Singapore, where he had served as managing director and CIO, to join local rival Straits Lion Asset Management, the investment arm of Great Eastern Life Assurance. His mandate is to transform Straits Lion from just an appendage of Great Eastern into a major fund manager for third-party client money. He will serve as CEO and executive director, a newly created position designed to give Straits Lion a proper focus on business deve…