Chinese insurers under pressure to add risky assets

The US asset manager has eliminated the role, resulting in the departure of Celestine Khoo.

The US asset manager has hired its first head of Asia insurance coverage, reflecting a trend among its peers. He starts on November 11 to tap this rapidly expanding client segment.

BlackRock's Apac head of client solutions exits; Sun Life names HK general manager; Pimco replaces Apac credit research head; Adamas adds MD and COO; American Century hires first Asia intermediaries head; Will Rainey goes part-time at Willis Towers Watson; and more.

Fidelity names China president; PFI Mega Life appoints chief; Bank of Singapore CIO exits, team restructure; Allianz Real Estate names global head of research; Eaton Vance poaches sales exec from Robeco; Investec AM hires head of private banking; and more.

As part of their new advisory powers, asset managers are looking to provide a broader digital platform to compete with the disrupters.