So say M&G and Savills Investment Management. The latter has won two Japan property mandates this year, is readying more Asia funds and is eyeing a Korean office. The former has a new research head.
The embattled state pension fund is seeing a rising number of staff depart and finding it harder to replace them after moving its investment centre away from Seoul.
A sceptical take on the development of financial services isn't short of stinging criticism for the industry, but fund managers and asset owners would do well to heed its key message.
The deal will create an entity with $45 billion under management in Asia, but there are obstacles to integrating the businesses, note industry observers.
Ontario Teachers seeks Asia head; Vanguard shuffles leadership; Fidelity promotes Daisy Ho; Jupiter hires for EM debt; MBK Partners loses Kung; State Street names alts chief; RBC ITS brings in Kriesel; Credit Suisse replaces Thai wealth head; Henderson, Janus name bond chief.
UBS AM names Asia fixed income head; DBS PB shuffles management; StanChart PB confirms Vivian Chan's role; Temasek adds sustainability co-head; StanChart creates sec services business line; First State hires multi-asset PM; Julius Baer adds RMs; GAM snares Rainsford.