Amid cautious optimism, investors are advised to keep a flexible approach as some asset valuations have become extended, says Schroders Hong Kong’s CEO Chris Durack.
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Several investment business heads have left the consultancy following a group-wide shakeup. They include two executives in Asia and the global head of alternatives.
Prudential Asia names new CIO and CEO; China Universal's head of international business departs; Rajesh Manwani reportedly to join Julius Baer; Credit Suisse appoints adviser in Japan; Pictet adds North Asia banker; UBS hires exec for South Asia desk; Colliers shuffles China team; Myer Family Company hires NAB exec.
The firm says a review of client investment priorities has led it to globalise its equities focus, hastening the departure of its Asian equities team.
The Australian fund house has poached from Deutsche Asset Management and Invesco to add to its private bank and intermediary sales teams for North Asia.
Stuck between a need for yield and concerns about risk, institutional investors are recognising the benefits of a Smart Beta approach, according to Amundi.
Schroders hires Asia private bank sales head; OCBC buys NAB's wealth arm; CMA acquires Willis Towers Watson's wealth business; Amundi replaces HK COO; Credit Suisse PB's Asia product head to exit; Peter Ryan-Kane sets up firm; Transamerica Life adds commercial chief; Indosuez WM hires ex-ANZ banker; WTW adds insurance consultant
The Swiss fund house has named a new regional chief. His predecessor and the Asia head of distribution have departed, the latter to UBS Wealth Management.
The largest pension fund in Thailand is expanding its investment division with a view to implementing a long-planned ten-fold jump in its overseas allocation.
Certain leveraged and inverse exchange-traded funds newly listed in Hong Kong are being traded far more heavily than others, which has led some to question the source of demand.
Big fixed income investors will see the newly approved China-Hong Kong bond trading link as inferior to other access channels, though smaller players should find it useful, say industry experts.