Capital Group hires Asia institutional head

KIC names CEO; Asset Management One's new president; Blackstone hires real estate MD; Harvest promotes fixed income CIO to CEO; UBS AM appoints Fondcenter sales heads and more.

The fund house's Asia head of real estate says the Chinese territory looks “mighty expensive”, but others feel its relentless rise in property prices is justified.

The $200 billion Malaysian pension fund is enamoured by China's growth opportunities and aims to raise investment allocations in overseas markets over the next 12 months.

Consolidation will continue in the funds industry amid rising cost pressures, with mid-sized firms feeling the tightest squeeze, says Ulrich Koerner, president of UBS Asset Management.

OMGI shutters Asian equities unit; Citi PB's new Apac IM sales head; Pimco names Asix fixed income exec; Credit Suisse names interim Philippine rep office head; JP Morgan brings mulit-asset expert to HK and more.