How one family office applies caution to EM investing

The world's largest pension fund endured a 2017/2018 fiscal year with ups and downs, and 2019 might be the year where it parts ways with perhaps its most important asset: its CIO.

Fidelity loses NE Asia head of intermediaries; BNY Mellon IM appoints insto sales head in Japan; Deutsche Bank coy over full impact of staff cuts; China Great Wall AM executive investigated; Value Partners' former head of sales re-emerges, and more.

Harvest names Dale as Europe CEO in expanded role; Mike Langton switches to Enfusion; Vontobel WM loses Asia investment management head; HSBC PB hires Thailand market head; Pictet AM confirms new Asia CEO; and more.

The sovereign wealth fund is ramping up its in-house capabilities, becoming more targeted in its investments and building up exposure in new areas, with China and India a key focus.

The Singapore $230 billion state fund will continue to ramp up its private market exposure, particularly in science- and tech-related assets, it explained during its annual report briefing.