The Sydney-based insurer has appointed Mark Lingafelter to develop the region into a growth engine for QBE group. He will oversee underwriting, distribution and overall management.
The city's funds association has tabled proposals which would see savers offered tax incentives and cash rebates in return for higher levels of pension contributions. But the plans face a sceptical public.
Singapore and Hong Kong have the ability to make successful inroads into the financial technology market, backers of the cities say. It follows recent criticism of the cities' regulatory regimes and fintech prospects.
KIC names CEO; Asset Management One's new president; Blackstone hires real estate MD; Harvest promotes fixed income CIO to CEO; UBS AM appoints Fondcenter sales heads and more.
The fund house's Asia head of real estate says the Chinese territory looks “mighty expensive”, but others feel its relentless rise in property prices is justified.
The $200 billion Malaysian pension fund is enamoured by China's growth opportunities and aims to raise investment allocations in overseas markets over the next 12 months.
Consolidation will continue in the funds industry amid rising cost pressures, with mid-sized firms feeling the tightest squeeze, says Ulrich Koerner, president of UBS Asset Management.
OMGI shutters Asian equities unit; Citi PB's new Apac IM sales head; Pimco names Asix fixed income exec; Credit Suisse names interim Philippine rep office head; JP Morgan brings mulit-asset expert to HK and more.
Demand for multi-asset strategies as well as alternatives such as real estate and hedge funds has driven up assets for fund managers in the region, AsianInvestor's latest AI100 survey shows.
Given the very long-term nature of their liabilities, insurers are ideally placed to take advantage of the illiquidity premium in alt assets, the group's Hong Kong CIO says.
With $15 billion under management, the Chinese group's wealth management arm employs a rigorous screening process to pick managers, with a focus on alternative investments.
AsianInvestor reveals the winning custodians, index provider, law firm, auditor and compliance adviser in the latest batch of its annual Asset Management awards.