The head of asset management for the Swiss bank is leaving to join the private equity company and help expand its outreach to wealthy individuals.
The insurer's asset management division believes investments such as private debt could gain appeal as price rises chip away at the value of fixed assets.
The CIO of the Korean pension fund also plans to raise allocations to overseas property and scale up its private debt exposure through partnerships with overseas asset owners.
China's CPIC aims to better invest into green projects; HKMA and PBoC carry out digital currency tests; Malaysia sues three institutions over 1MDB losses; Temasek to back IPO of JD Logistics; BlackRock teams with Temasek and China's CCB to launch wealth management unit in China; Cathay Life commits $500m to two private equity funds and more.
Rest Super hires two investment heads; Equip and Catholic Super JV hires acting CIO; AMP Australia reveals seven leaders including new CIO; State Street names head of Apac asset managers unit; BlackRock gets go-ahead for China wealth unit; Fidelity adds Asia director for sustainable investing; Allianz Real Estate appoints Japan acquisitions head; and more.