Winners Rationale

“Matthew Rees stands out this year for his rare combination of disciplined portfolio leadership, adaptability across market cycles, and deep commitment to client partnership. His stewardship of L&G’s Global Unconstrained Bond strategies, more than doubling AUM, demonstrates not only sustained performance but genuine resilience through challenging market conditions,” said Audrey Raj, editor of Asian Private Banker. 

“What sets Rees apart is the balance in his approach. His investment philosophy is intentionally measured, prioritising downside protection without compromising alpha. This discipline has consistently delivered strong, risk-adjusted returns across both stressed and supportive environments.

“Equally notable is his impact beyond performance. Rees has played a central role in strengthening L&G’s presence in Asia’s competitive private wealth landscape, tailoring global strategies to regional needs and supporting the launch of solutions tailored to local investor demand.

“Despite being UK-based, he remains highly engaged with Asia through early calls, in-market visits, and small-group portfolio discussions. His 15-year journey at L&G, following earlier roles at Banquo Credit Management, UBS and Merrill Lynch, further underscores the depth of expertise he brings to his craft.

“Taken together, these attributes position Matthew Rees as a portfolio manager who not only delivers results but also elevates standards of partnership, adaptability, and long-term value creation. For these reasons, he is a deserving recipient of Portfolio Manager of the Year.”