Mirae Asset GI hires Asia sales head; MAS revokes licence; UBP hires heads of DPM, Greater China; CTBC PB product head exits; Amac sets up committees; HNA names CIO; China Life Group president moves to PICC; Allianz names corporate development head; Jupiter adds client, sales heads; First State announces high-yield team.
Cathay Securities Investment Trust Site is being billed as Taiwan’s largest fund house after taking over the domestic equity portfolio and related personnel of sister subsidiary Cathay Life....
Legislative bottlenecks are delaying the establishment of the development fund. Outstanding issues include the amount to be invested and whether it will use an offshore asset manager.
The Swiss fund house has hired its first dedicated multi-asset specialist in the region. The substantial length of time taken to find him reflects the fierce competition for such talent.
APS, Credit Suisse, Value Partners and Invesco have set up onshore entities in China in the past three months. But they face various hurdles in registering as private fund houses.
Today we unveil the fund houses ranked 51st to 75th by Asia-Pacific AUM in our annual survey. Nine of them were US firms, with Janus Capital posting particularly strong growth.