Essence FMC scores landmark with dual licence approvals

M&G's Apac institutional head exits firm; State Street and BNP Paribas Securities Services appoint new regional heads; Janus Henderson adds new Asia team heads; Benjamin Deng takes on new roles in IAMAC; a new Abu Dhabi fund house targets east Asia; 'Jack' Bogle passes away and more.

Chinese regulators are putting up unnecessary barriers to fund managers wanting to take advantage of mutual recognition of funds between Hong Kong and the mainland, believe industry experts.

The recently set up C$62 billion public-sector fund manager plans to double its investment team, insource most assets and do more direct deals, says CIO Jean Michel.

Taiwan will soon have its first ESG ETF and pension funds could be the likeliest target market.

Fullerton creates PE team, replaces sales chief; SoftBank adds head of real assets; HK SFC tipped to ramp up enforcement action; Vanguard moves insto head; Manulife AM poaches from Mercer; UBS WM names Asia co-heads; BNP Paribas WM appoints China co-heads.