The Canadian private markets investment giant plans to invest more in Asia Pacific, just as it is seeing growing appetite for its funds from the region, says Asia-Pacific chief Bill Powell.
AsianInvestor spoke to Bill Powell, Asia-Pacific CEO of real asset giant Brookfield Asset Management, about China's big infrastructure project and other opportunities.
Neuberger Berman splits out China team; Fund Channel opens in Singapore; Citi's Russell gets extra HK role; VP Bank on hiring push; Citi poaches Boag from Deutsche; UBS names HK desk head; Julius Baer hires ex-Deutsche duo; Carret Private hires advisers; Indosuez adds RM.
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.