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.
KKR opens Singapore office
US private equity firm Kohlberg Kravis Roberts KKR has set up an office in Singapore, its seventh in Asia Pacific.
JP Morgan and UBS still head Z-Ben Advisors’ list of the leading foreign fund firms in China. Meanwhile, AllianzGI, Morgan Stanley and Fidelity have leapt into the top 10.
The 2016 Korea Institutional Report, from AsianInvestor's new research arm, gives a comprehensive breakdown of investment activity among the country’s largest asset owners.
Passive fund houses are likely to wait for direct access to China’s mutual fund market, but this entails risks, says a report to be released today by Standard Chartered and Z-Ben Advisors.
Yesterday the China Insurance Regulatory Commission issued a statement flagging what it sees as key risks for the industry, after admitting failing to properly address malpractice.