The French fund house will cut poorly performing and overlapping funds and focus on products close to client preferences, as it aims to build Asia AUM, said the group deputy CIO.
Sumitomo Trust and Banking has named Citi Securities and Fund Services sole custodian for its new qualified foreign institutional investor QFII programme in China.
Under the mandate, Citi will provide...
Asset managers seek the right balance between automation and human intelligence, as robotics allow sweeping changes in the industry.
The $126 billion state pension fund will hand out the new overseas-focused mandate in mid-November, amid rising volatility in global markets.
Japan-focused private equity is enjoying a boom in both deal value and fundraising, but higher prices being paid for assets will put pressure on future returns.
Credit Suisse promotes new two senior roles and RMs; Philip Tso leaves Willis Towers Watson; Eastspring Investments installs alts CIO; BlackRock adds trio in Australia; JLL hires Asia fund advisory chief; Vanguard adds to China team; UBP hires investment adviser for South Asia; Franklin Templeton appoints Australia MD; Cryptocurrency firm Monaco names senior VP; RHTLaw Taylor Wessing creates private wealth head role.