The investment consultancy's Asia-Pacific head of portfolio advisory is moving on after eight years in the role, as the firm narrows its focus in the region.
Multi-asset specialists are moving for pay rises of as much as 40% in the region as fund houses scramble to strengthen their teams, say recruiters.
JP Morgan PB names Asia chief; Schroders' Taljard relocates, Steven Chua to exit; Sarasin adds Asia UHNW head; UBS expands expat coverage team in Singapore; RBC replaces Asia UHNW head; BNPP IP adds HK retail head; Northern Trust opens Seoul branch; Lioncrest to expand to Singapore; Aviva Investors loses BD director; Iosco sets up Asia-Pacific hub.
The Government Employees Pension Service is tipped to see fierce competition for its CIO vacancy. It has also seen its head of overseas investment join KB Asset Management.
The Canadian firm is the first financial institution to win an investment company wholly foreign-owned enterprise licence. It will relocate institutional sales staff to the new entity in Shanghai.
The UK life insurer is reorganising its Asian investment team, say sources; it has brought in local CIOs for Singapore and Hong Kong and aims to do the same in Malaysia.
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.
Chris Ryan, who headed the index provider's Asia-Pacific operations for four years, has left to run an independent investment consultancy.
Fund houses must get better at active management or offer index products, say industry players. The scale that the Standard Life-Aberdeen merger would bring may facilitate such a move.
Growth Hill Asset Management has hired a head for its new representative office, which will conduct research on Asian stock markets, say sources.
BNY Mellon IM names Japan FIG head; Harvest GI appoints five senior sales staff; Eaton Vance hires first exec in Tokyo; Credit Suisse creates Asia wealth planning services team; Credit Suisse PB replaces India head; BNPP IP adds multi-asset strategist; PPI appoints new chair.
Private equity firms take note: Credit Agricole's wealth arm sees rising appetite from its Asian clients for private markets exposure. The bank's Asia CEO also stresses a growing focus on digital services.
Choi Young-Gwon will start in the new role on April 1 after overseeing big changes in investment strategy during his three years at Korea's Government Employees Pension Service.
Credit Agricole is building out its Asian wealth business, amid tough times for private banks in the region. AsianInvestor spoke to Indosuez Wealth Management's global and Asia CEOs.
Fullerton names China WFOE head; Bank of Singapore opens in DIFC; BNY Mellon appoints Korea chief; Sun Life replaces HK CEO, shuffles team; Insight adds in Australia distribution; NNIP forms responsible investment team; Northern Trust buys UBS fund servicing units.
The fund house's Asia head of fixed income, Ashley Perrott, suggests that waiting on China's inclusion in global bond indexes is a red herring, as his firm continues its push onshore.
The Asian insurer has transferred staff from Hong Kong to the new Singapore-based entity, which it established to improve the efficiency of investment operations across the group.
Family office Nutrimenta names new Asia CEO; Credit Suisse adds RMs; CR Yuanta Fund replaces GM; Indosuez WM hires duo; Maybank AM CEO exits; Sun Life appoints Asia marketing chief; RBC WM appoints international head; Principal Financial's Asia chair retires.
AsianInvestor reported on Wednesday that Sandra Cheng, head of institutional business for Southeast Asia at Columbia Threadneedle, was leaving the fund house. She is in fact still an employee of the firm, said a spokeswoman.
Michael Chan moved on in August after nine years with the asset management and servicing firm and a search is still under way for his replacement.