The Hong Kong Investment Funds Association is firmly against stock exchange proposals to allow dual-class share structures. But asset managers are divided on the issue.
GIC hires first CTO; BNP Paribas AM shuffles wholesale team, adds Australia sales head; Waterfield Advisors appoints first COO; Thirdrock adds five client advisers; Schroders replaces relationship director; Axa makes leadership changes; Taiwan FSC switches bureau heads; Insight Investment replaces distribution head.
The French asset manager has replaced Alex Chang by hiring a rival firm's local head of business development.
Asian investor short-termism is seen as partly to blame for the shift, which came amid the region’s strong stock rally this year. Balanced and bond funds, by contrast, drew strong flows.
GAM names Japan sales head; BNP Paribas WM confirms Lee hire; UBS adds to global family office team in Hong Kong; Nikko AM bulks up global equities team with new hire; Willis Towers Watson adds to financial solutions team; Hai Tong AM hires saleswoman from BMO Global AM; General Atlantic hires special adviser on Indonesia; Taiwan Life appoints new co-investment head
With political risk easing, economic growth accelerating and valuations stretched elsewhere, Europe is drawing Asian investors again. But is it a wholesale revival or a tactical shift?