Cathay Life resists pressure for greater home bias

The institutional fund distribution platform is pressing ahead with its second Asian branch, despite uncertainty following months of protests and, more recently, the coronavirus.

Value Partners names sole COO as Hepper retires; Schroders appoints deputy Singapore chief; CSOP replaces quant investment head; MAS creates new data department, names head; FWD employs consultant in Singapore; KKR adds private equity MD in Japan, and more.

The incoming president of the world’s largest pension fund will need to oversee a freer hand in foreign asset allocation and appoint a new CIO, with Hiromichi Mizuno leaving.

As its institutional asset base in Asia grows, the Scottish fund house has located a dealing duo in the region after launching an onshore China business late last year.