The UK life insurer is reorganising its Asian investment team, say sources; it has brought in local CIOs for Singapore and Hong Kong and aims to do the same in Malaysia.
India is the market experiencing the region’s fastest growth in high-net-worth population and wealth, followed by China, Indonesia and Thailand, finds a new report.
Daisuke Hamaguchi, CIO of the Pension Fund Association, wants to boost returns, but faces an immature domestic alternatives market and rising hedging costs.
Fund managers are under growing pressure to reduce fees, a trend reinforced by the rise of flows into passive strategies and the low returns achieved in recent years, says a new report.
HSBC appoints global head of HNW sales; BlackRock loses Asia real estate research head; Franklin Templeton names lead PMs; BNP Paribas WM shuffles senior executives; PSPF names new supervisory board chairman; China Post and Capital switches chairman.
A top-level reshuffle at the fund house – which has led to the exit of CIO Mark Beardow – will see Anthony Fasso return to Australia and help look for M&A opportunities for the firm.