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Contents
This Month
04 On the move
BlackRock hires capital markets heads and Singapore retail chief; JP Morgan AM adds multi-asset head; Jupiter appoints Swarbreck

08 Regulatory Roundup: Fund houses should be wary of AML rules
10 Data Centre: Asia’s mutual fund market rebounds

Asset Owners
12 Reserves management revolution
Where there are surpluses, central banks are considering previously unthinkable asset classes such as equities and even alternatives, creating outsourcing opportunities.

14 Q&A: Choo Heung-Sik, Bank of Korea

18 CIC lets rip at Boao media, talks allocation; Taiwan state funds issuing mandates

Distributors
20 Private banking under one roof
Commercial banks are busy setting up private bank divisions and sharing resources to cater to Taiwan’s wealthy.

22 Mirae Asset Securities cuts back in Hong Kong; Cazenove to start HK wealth business

Fund Managers
24 Market gives Abe benefit of the doubt
Fund managers have abandoned their underweight on Japan. But amid the euphoria, risks abound.

30 Asian bond juggernaut forging ahead

34 China private fund managers returning to public firms

36 Middle East still waiting for foreign flows

40 Chinese fund firms set sights on Europe; Asiya Investments opens in Hong Kong

Alternative Investments
42 Credit funds on the comeback trail
Low interest rates and rising debt issuance have driven a resurgence in Asian fixed income hedge funds.

44 Q&A: Ivan Vatchkov, Algebris Investments

46 LGT adds China office; Asian PE firms raise $6.6bn in Q1; LaSalle IM wins Korea licence

Asset Services
48 China revs up for securities lending
Beijing is moving to allow firms to borrow and lend stocks, but there are issues to be ironed out.

50 The changing face of securities lending

52 Operations manager: Sharon Davis, COO of AMP Capital

54 Northern Trust launches fund admin in Hong Kong; Complyport enters Asia

55 Trader talk: Luca Dotti, Valeur Investments

56 Bookend: Makers: The new industrial revolution by Chris Anderson