Firms with less than $10 billion in Asia-Pacific AUM will need a strong discretionary business to run a profitable operation, say experts. Use of technology will also play a big part.
Columbia Threadneedle names new Singapore CEO; Janus Henderson relocates Asia COO; Chris Faddy joins Aura Group; Hamilton Lane opens Australia office; Credit Suisse names HK DPM head; CreditEase wins US advisory licence; Vanguard, BNY Mellon name new CEOs.
Wealthy Asians are expected to retain and manage more money locally over time, and a growing number of global and local firms are eyeing the opportunities.
The Hong Kong-based fund house has promoted internally to fill the role, amid an ongoing management reshuffle.
Electronic platforms such as Credit Suisse’s new launch will need to cope with the sophisticated products that wealthy investors will want, say industry experts.
Principal GI names Asia head; DBS PB hires product strategy head; Amundi's Jenny Sofian exits; M&G Real Estate replaces Japan head; AMP Capital hires energy specialist; Northern Trust adds in HK; BNP Paribas names new China chief; BlackRock boosts Australia sales team; Credit Suisse makes Philippine switch; Charles Monat replaces HK CEO.