Columbia Threadneedle's Langlois to depart; UBS AM's Asia equity trading head to leave; MetLife replaces Asia CMO; Eastspring lures PM from Pimco; KKR poaches from Blackstone in Japan; BNPP WM hires Lemuel Lee; UBS WM replaces China offshore team head; Northern Trust adds Australia trio; Man names responsible investment head; Orrick adds partner.
China's central bank has clarified operational details of the market access scheme, through which Standard Chartered expects strong early trading in July.
Asset managers broadly agree with the Chinese state pension fund that passive and smart-beta investing will become mainstream for A-shares, with sovereign entities leading the way.
Institutional investors from Hong Kong, Japan and Thailand say they do not plan to boost their mainland exposure, as another MSCI decision on A-shares looms.
Indosuez to buy CIC's Asia wealth business; Natixis GAM names Asia head; under-pressure Anbang adds European CIO; BNY Mellon hires Rohan Singh; ex-HSBC exec gets HK ban; Deutsche WM plans hiring spree; BNP Paribas AM appoints India CIO; China Life names president; Old Mutual GI sets up EM equity team; Jupiter adds in EM debt.
Four executives have left the Chinese fund house’s offshore unit in recent months to join other firms.