Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Coplestone quit Credit SuisseÆs asset management unit in Hong Kong to take the role. He had been the main person responsible for Credit SuisseÆs business development in Asia ex-Japan and helped the firm seal joint ventures in Korea and China. He had been with the firm for seven years, originally as head of retail distribution for Australia.
Before joining Credit Suisse, Coplestone held various distribution positions in Australia and his native New Zealand, including stints with Tyndall Investment Management and EquitiLink Asset Management.
He now joins DeAM to run marketing and sales for North Asia. The position is new, designed to ease the burden of Michelle Bang, managing director of sales and marketing for Asia ex-Japan in Singapore, by allowing Coplestone to handle Greater China. Coplestone reports directly to Ed Peter, DeAMÆs Singapore-based head of Asia Pacific and the Middle East.
His hiring completes the building of the North Asia team, which also includes two other recent hires who now report to Coplestone.
Shen Tan recently joined the firm in Hong Kong as head of institutional sales. He previously served in a similar role at Schroder Investment Management in Hong Kong, and he has also worked as an investment consultant at Watson Wyatt in Hong Kong and Australia.
Terence Lee runs the retail side, having recently arrived from First State Investments, where he had focused on retail distribution in Asia. Lee has also worked at Allianz Global Investors and Fidelity Investments in Hong Kong.
China Life names Yuan Changqing as acting chairman; Future Super hires operations chief; China Life Franklin Asset Management CIO and deputy CEO leave; Willis Towers Watson has hired Kameswara Natakusumah as head of Indonesia; Prudential hires ex-Apac CEO for Allianz George David Sartorel as a non-executive director; Manulife IM hires into multi-asset solutions team in Asia; PineBridge Investments hires from BNY Mellon IM; and more.
The family office of Alibaba's co-founder likes to do its own hands-on due diligence and favours deals that can make a difference, rather than investments for the sake of ESG.
The Federal Reserve is now expected to hike interest rates as early as March and fed funds markets are pricing in up to four hikes in 2022.
The stock’s promising performance stands in sharp contrast to the less fortunate fates of other Chinese companies that have been affected by government clampdowns.