FWD hires HK CEO; Mercer bulks up wealth team; BlackRock appoints Apac FIG head; BEA names private banking head; Sun Life's new Asia credit research head; Muzinich expands Asia team and more.
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US insurer MetLife is ramping up its asset management business in Asia to expand its regional client base. It is also reportedly looking to sell its Hong Kong insurance unit.
Foreign asset owners are still underinvested in Chinese assets, say experts, but that is set to change—albeit slowly—as A-shares' weighting rises in MSCI's indices.
The rating agency is appealing against sanctions imposed by the Hong Kong regulator for a negative report on Chinese companies. If the decision is upheld, price discovery will suffer.
CM Asset Management has undergone a senior reshuffle, with high-level investment staff coming in, such as Anthony Ho, Amundi’s former Asia CIO.
Other Asean instos could follow after Malaysia's second-largest pension fund, which already has ESG rules for equities and fixed income investing, signed up to UN-backed RI principles.
China has reportedly reopened the two schemes. This could mean Ucits funds are close to Bond Connect approval and that QDII is set to return, says Andy Seaman of Stratton Street.
Hong Kong's Mandatory Provident Fund system had a good year in 2017, but concerns over high fee levels and a lack of innovation still linger.
A few green shoots of innovation are emerging among the region's pension funds, as regulation and the rush into alternatives and overseas markets prompt a rethink.
Technology advances have raised the stakes in the fight against cyber attack. State investment funds see cybersecurity as a key priority in their long-term business strategies.