The French fund house will cut poorly performing and overlapping funds and focus on products close to client preferences, as it aims to build Asia AUM, said the group deputy CIO.
Bank of America has extended the role of its Asia president Colm McCarthy to include responsibility for business in Japan as well as non-Japan Asia.
Global risk appetite is growing, according to the Bank of America Merrill Lynch fund manager survey. Cash levels are down, while equity allocations and growth expectations are up.
Asset managers seek the right balance between automation and human intelligence, as robotics allow sweeping changes in the industry.
The $126 billion state pension fund will hand out the new overseas-focused mandate in mid-November, amid rising volatility in global markets.
Japan-focused private equity is enjoying a boom in both deal value and fundraising, but higher prices being paid for assets will put pressure on future returns.