Capital Group hires Asia institutional head

GAM names Japan sales head; BNP Paribas WM confirms Lee hire; UBS adds to global family office team in Hong Kong; Nikko AM bulks up global equities team with new hire; Willis Towers Watson adds to financial solutions team; Hai Tong AM hires saleswoman from BMO Global AM; General Atlantic hires special adviser on Indonesia; Taiwan Life appoints new co-investment head

JP Morgan AM names Asia CPM head; Nikko AM buys 15% stake in Ark IM; Robeco replaces Japan president; China AMC HK hires new ETF head; Julius Baer replaces Asia head of advisory; HSBC PB replaces Asia head of credit advisory; VP Bank adds Singapore BD head; Grant Thornton hires Australia wealth advisory head.

China's flagship retirement fund has selected the domestic asset managers to run the equity portion of the new Public Pension Fund scheme, reports state media.

The US asset manager has appointed a former Mercer executive to the newly created role.

China Merchants Bank posted the fastest asset growth among private banks globally last year, and industry observers say mainland firms are well positioned to continue this trend.