Principal GI names Asia head; DBS PB hires product strategy head; Amundi's Jenny Sofian exits; M&G Real Estate replaces Japan head; AMP Capital hires energy specialist; Northern Trust adds in HK; BNP Paribas names new China chief; BlackRock boosts Australia sales team; Credit Suisse makes Philippine switch; Charles Monat replaces HK CEO.
The securities regulators of Hong Kong and mainland China today announced the eagerly anticipated Stock Connect programme to facilitate direct trading between the two markets.
Wealthy Asians are expected to retain and manage more money locally over time, and a growing number of global and local firms are eyeing the opportunities.
China's insurance regulator has issued additional guidelines around private equity investment by insurers, as they build exposure to the asset class, both as GPs and LPs.
The US-based asset manager has hired its first dedicated Greater China equity portfolio manager and three other investment professionals.
This comes against a backdrop of fears over potential policy mistakes by the US or European central banks, according to the monthly Bank of America Merrill Lynch fund manager survey.