FWD CIO feels need for more speed

Hong Kong’s FWD Group is trying to be more nimble in its approach to investments, something its chief investment officer sees as key in a more yield-constrained world. The insurance industry is slow to take advantage of new, non-mainstream investment opportunities, said Paul Carrett, who joined as group CIO last October from UK insurance giant Prudential. “Because of the way they are set up, insurance companies don’t immediately have liquidity issues where there is a crisis, so …