Several senior staff are believed to have left the fund house following its merger with Pioneer Investments, including heads for Asia institutional and China, as well as a lead equities PM.
Having majority stakes in Chinese fund management joint ventures should give overseas firms more certainty in setting remuneration levels and bringing in talent.
Lee Dong-ik, a former CIO of Korea’s sovereign wealth fund, discussed his new role at the Asian Infrastructure Investment Bank and the challenges facing the development institution.
Last week mainland regulators handed private fund management licences to Invesco and Value Partners, and eased foreign-ownership limits on financial services firms.
After 13 years with the firm and a long stint in Asia, he will leave the global role.
JP Morgan Asset Management has expanded its Southeast Asia coverage, but has seen at least two individuals leave in Hong Kong, one for a rival US fund house.