The Hong Kong-based fund house has promoted internally to fill the role, amid an ongoing management reshuffle.
ETF market-makers recognise they will need to be both tactical and opportunistic if their businesses are to survive and defy investor lethargy over Asia-listed exchange-traded funds.
The funds will target distressed assets in India and other Asian special situations and credit assets, says a source, amid rising demand for private debt.
The firm’s former Greater China head moved on shortly before the arrival of Mark Speciale last month as Asia-Pacific head of institutional business.
Firms with less than $10 billion in Asia-Pacific AUM will need a strong discretionary business to run a profitable operation, say experts. Use of technology will also play a big part.
The Hong Kong-based insurer’s chief investment officer, Paul Carrett, says his industry is slow to benefit from new opportunities. He wants to be different.