The Hong Kong-based fund house has promoted internally to fill the role, amid an ongoing management reshuffle.
AsianInvestor’s second annual Institutional Excellence Awards were introduced to highlight best practice, with awards handed out in 16 institutions collectively managing $3.5 trillion.
The firm plans to relocate its fixed income staff from Singapore as it ramps up its focus on China, but the team head will depart. It is also seeking an EM debt head for Hong Kong.
The German fund house has hired from JP Morgan Asset Management to fill the newly created role.
Money market products account for 51% of China's mutual fund assets, and Tianhong's Yu'e Bao makes up nearly a third of MMF assets. Analysts are worried about concentration risk.
The fund house has added a portfolio manager and compliance director. AsianInvestor spoke to China head Yu Xiaobo about his plans.