Singapore’s biggest insurer has sparked questions by replacing its experienced investment chief, Yoon Mun Thim, in another senior shakeup in the industry.
Adam Wallace has exited JP Morgan, where he headed Asia-Pacific hedge fund services, to join Hong Kong-based hedge fund firm Factorial Management as chief operating officer.
The de facto central bank's commitment to an IFC programme underscored its interest in infrastructure investing, following its opening of an office dedicated to such funding last year.
Chinese firms are driving prime real estate prices in Hong Kong's Central district to record highs, even as several large tenants exit or reduce floor space following mergers, says JLL.
While multi-family offices have much scope to grow, they also face cost pressures and rising expectations from the ultra-wealthy individuals they serve.
Historical precedents, limited central bank tightening, earnings momentum—all are cited as factors supporting the market, although the mix of growth looks set to change.