The Hong Kong-based fund house has promoted internally to fill the role, amid an ongoing management reshuffle.
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Principal GI names Asia head; DBS PB hires product strategy head; Amundi's Jenny Sofian exits; M&G Real Estate replaces Japan head; AMP Capital hires energy specialist; Northern Trust adds in HK; BNP Paribas names new China chief; BlackRock boosts Australia sales team; Credit Suisse makes Philippine switch; Charles Monat replaces HK CEO.
Columbia Threadneedle names new Singapore CEO; Janus Henderson relocates Asia COO; Chris Faddy joins Aura Group; Hamilton Lane opens Australia office; Credit Suisse names HK DPM head; CreditEase wins US advisory licence; Vanguard, BNY Mellon name new CEOs.
The US property investment firm has closed its international branches, laying off most of its portfolio managers in the process, say sources.
Several external asset managers in Asia are said to be wooing prospective acquirers, including private banks. But would such moves benefit clients?
Local investment boutiques will continue to prosper in Asia, alongside cross-border tie-ups, say executives from global fund houses, given the high cost of building onshore businesses.
The US-based asset manager has hired a Greater China equity portfolio manager and three other investment professionals.
There has also been a robust rise in the number of asset management firms licensed in the city, according to the local regulator's annual report on fund management activity.
As the mainland funds industry undergoes a rapid transformation, its continued expansion will be driven by increasingly savvy retail investors, says Harvest Fund Management.
Beijing faces huge hurdles to developing a retirement benefits system, and it does not help that the private sector is giving "dangerous" advice, argues consultant Stuart Leckie.