China private funds banned from loan investments

Prudential's head of digital departs; CapitaLand Investment Management's CEO resigns; HSBC Private Bank picks up trio of executives; BNY Mellon IM hires intermediary duo; Sterling Valuation sets up HK office; Moody's appoints Asia Pacific head and more.

The local regulator is introducing new rules to discourage wealth managers from constantly shifting investor assets into new funds. But some believe the practice will continue.

The country's elimination of limits on qualified foreign institutional investor and RQFII investments is welcome and could help encourage better governance and transparency.

In an exclusive interview with AsianInvestor, the CIO of FWD Group explains why new risk charges need to be reasonable if Hong Kong insurers are to fulfil their duties.

Aberdeen Standard names new Japan chief; Franklin Templeton names Singapore head; JP Morgan AM appoints Asia insurance head; Eastspring adds institutional director; Mercer gets new HK CEO; RBC Wealth hires Asia head; Goldentree opens new Japan office and more.