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.
BNY Mellon has made two key promotions in China, where it is on a drive to expand its renminbi services to institutional clients.
A top-level reshuffle at the Australian fund house – including a role switch for Anthony Fasso and the exit of global CIO Mark Beardow – does not signal a change in strategy, says Fasso.
The Chinese insurer doubled its Hong Kong equity allocation and ramped up its alternatives exposure last year, while also boosting its cash position in anticipation of domestic rate rises.
The investment consultancy's Asia-Pacific head of portfolio advisory is moving on after eight years in the role, as the firm narrows its focus in the region.
More and more institutions are entering the mainland debt market and a trading pattern is emerging, as the Bond Connect scheme and wider index inclusion loom closer.