Pimco names Asia chief in reshuffle; Citi PB promotes Bacon; GSAM shuffles EM leadership; Nordea Bank replaces Singapore head; EFG hires North Asia head; Vontobel AM adds multi-asset solutions head; Colliers shuffles Asia team; China Pacific Insurance chairman resigns.
Foreign groups dominate Taiwan’s wealth industry, but fast-growing domestic players are pushing hard to gain market share.
As US-based Neuberger Berman unveils its China head of institutional business, local players are voicing worries about the growing onshore challenge from overseas rivals.
With mainland mutual fund managers set to launch their first funds of funds potentially as early as next month, industry participants point to challenges these products face.
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.
The investigation of the Chinese insurance regulator's chairman for alleged corruption has implications for domestic insurers' investments – notably larger deals.