04 On the move
BlackRock loses Ning Jing; BNY Mellon IM adds senior execs; Camerlynck succeeds Edgar
at BNP Paribas Investment Partners
08 Regulatory Roundup
China hands licences to foreign banks; HK proposes change in treatment of rich investors; Cayman finalises Fatca agreement
10 Data Centre
Tracking Asia’s home bias
12 A slow boat from China
Mainland life insurers have little incentive to rush into overseas assets right now, but their interest is gradually rising.
14 Q&A: Wan Kamaruzaman, chief executive of KWAP
16 GIC, GPIF, Temasek talk allocation; Khazanah opening new offices
22 Malaysian banks seek foreign flavour
The country’s domestic wealth management industry is slowly internationlising.
24 AIA to replace managers; StanChart launches funds platform in China
26 China’s funds industry finds its saviour
Mainland fund houses are launching units with a broader investment scope. They may become key revenue generators.
28 From Seoul to Doha: A roundtable of Korean fund managers hosted by Qatar Financial Centre Authority
34 Major changes at AMP; HK fund MoUs set to bear fruit
38 Asia’s 25 most influential people in private equity
Who are the key players driving the region’s PE industry to new heights?
46 Q&A: Derek Sulger, managing director of Lunar Capital
48 KKR raises $6bn fund; Barker exits Ballingal; EM, commodity hedge funds out of favour
50 Collateral damage
Buy-side firms do not seem keen on the idea of collateralmanagement outsourcing.
52 Operations manager profile: Jake Lim of UOB Asset Management
54 HSBC offering brokerdealer outsourcing; clearer KYC rules sought in India
55 Trader talk: Lee Bray of JP Morgan Asset Management
56 Korean investors seek risk
Institutional investors in Korea are boosting long-term risk exposure, according to asset owners at AsianInvestor’s summit in Seoul.
China Airborne by James Fallows
In this issue
59 ETF report: Beyond a bear market
Exchange-traded funds in Asia face structural challenges. AsianInvestor explores how the region’s ETF market can take the next step.