Malaysian asset managers' share of global sharia-compliant funds could overtake that of firms based in Saudi Arabia, according to AsianInvestor's annual ranking this year.
Bangladesh, Pakistan and Sri Lanka are new markets for the UK fund manager. Meanwhile, algorithms need to adapt to new trading hours in the region, says its Asia head of trading.
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The new rules from the European Securities and Markets Authority will affect research consumption and fund distribution in Asia, according to a roundtable by AsianInvestor and BNP Paribas.
Steven Seow has left the consultancy to focus on building up his own business, which connects bankers to projects. This follows a senior shake-up at the firm early last year.
SSGA hires Korea head; Credit Suisse recruits investment experts; HSBC Singapore gets wealth head; Vontobel AM bulks up in Australia; Safra Sarasin's Singapore CEO exits and more.
The new rules seek to close lending loopholes and break implicit guarantees in private funds, and follow similar efforts to curb such irregularities in asset management products.
The China Insurance Regulatory Commission has released a set of rules that poses new limits on insurers' alternatives investments, forcing them to look for yields elsewhere.
Foreign asset managers are fast ramping up their China growth plans, say recruiters. With investment management WFOEs tipped to double in 2018, a talent bottleneck is forming.
Shum is leaving after just eight months with the Hong Kong-based asset manager, which last week saw its planned acquisition by China's HNA Group fall through.
Hong Kong will finally take steps to cancel the offset mechanism in the retirement saving scheme this year, which will likely benefit asset managers.
While some fixed income experts hope Chinese bonds will be included in major indices this year, others feel issues with Bond Connect will delay such inclusion into 2019.
Franklin Templeton shuffles sales heads; Manulife AM's new Singapore equities head; Franklin Real Asset Advisors names new head of Asia; Former Value Partners MD joins Pins AM and more.