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.
Fung, 48, has been managing director of advisory sales for China at DBS for the last four years, having spent the previous six years at the Commonwealth Bank of Australia, where he was head of financial markets for Asia.
According to a spokesman for Hang Seng, Fung has been appointed to accelerate the bankÆs sales strategy. He will oversee the bankÆs investment and insurance businesses, and will be responsible for management, sales and market strategy, as well as the development of new products and services.
He will report to the bankÆs general manager of personal financial services and wealth management, William Leung.
Fung takes the position over from Cheung Ka Min, who is believed to be leaving the company next week, after more than 10 years, to take up a position with an unnamed property developer in Hong Kong.
Hong Kong’s Mandatory Provident Fund recorded investment losses for 2021 as local and mainland Chinese equities underperformed, but experts eye other headwinds for the coming year.
One of Hong Kong's biggest family firms, New World Development, plans to beef up its ESG vision, leading the way for other family offices and family firms in the region.
Nature loss across Asia will profoundly damage economic activities that rely on natural capital, according to several recent studies. Investors need to act.
Nuveen’s Simon England-Brammer discusses the firm’s investment outlook, identifying the opportunities and risks across a range of asset classes.