A top-level reshuffle at the Australian fund house – including a role switch for Anthony Fasso and the exit of global CIO Mark Beardow – does not signal a change in strategy, says Fasso.
The investment consultancy's Asia-Pacific head of portfolio advisory is moving on after eight years in the role, as the firm narrows its focus in the region.
Europe’s Ucits fund structure is gaining popularity in Asia despite the development of regional product passporting schemes, says Standard Chartered’s head of securities services.
Multi-asset specialists are moving for pay rises of as much as 40% in the region as fund houses scramble to strengthen their teams, say recruiters.
JP Morgan PB names Asia chief; Schroders' Taljard relocates, Steven Chua to exit; Sarasin adds Asia UHNW head; UBS expands expat coverage team in Singapore; RBC replaces Asia UHNW head; BNPP IP adds HK retail head; Northern Trust opens Seoul branch; Lioncrest to expand to Singapore; Aviva Investors loses BD director; Iosco sets up Asia-Pacific hub.
The Canadian firm is the first financial institution to win an investment company wholly foreign-owned enterprise licence. It will relocate institutional sales staff to the new entity in Shanghai.