Fullerton names China WFOE head; Bank of Singapore opens in DIFC; BNY Mellon appoints Korea chief; Sun Life replaces HK CEO, shuffles team; Insight adds in Australia distribution; NNIP forms responsible investment team; Northern Trust buys UBS fund servicing units.
The fund house's Asia head of fixed income, Ashley Perrott, suggests that waiting on China's inclusion in global bond indexes is a red herring, as his firm continues its push onshore.
The asset manager is readying its first pan-Asia Ucits fund and considering adding other products to its hedge fund platform, including mainland, macro and multi-strategy offerings.
The Asian insurer has transferred staff from Hong Kong to the new Singapore-based entity, which it established to improve the efficiency of investment operations across the group.
The likes of Dai-ichi Life and Nippon Life are expanding their overseas investment allocations and expertise, at a time when it is harder than ever for them to match assets to liabilities.
The Swiss multi-family office is buying more Asian high yield and emerging-market debt despite concerns over a strong dollar, but it is wary of US equities.