AsianInvestor’s 10 top stories in April
Here we present the stories from our daily newsletter that attracted the most attention in April, with number one having received the most hits. We do not include in the list the roundups of people news we publish every week.
1. BlueBay shuts HK office, to relocate Asia head
The fixed income manager joined the growing list of fund houses to have closed their branches in Hong Kong, but it has kept some staff in the city.
2. Michael Marquardt exits BlackRock, seeks new role
The US fund giant’s Asia-Pacific chief operating officer has left after seven years in the role and 17 with the firm. He spoke to AsianInvestor about his next move.
3. Asset Management Awards 2017, Day 2
We reveal the second batch of winners – by asset class in public markets – and announce four new asset class award categories. (Last month we also revealed our picks in local Asian markets, the marquee winners and the winning service providers.)
4. More big multi-asset moves highlight fierce demand
Aberdeen and Franklin Templeton have just added senior hires in the region, while Credit Suisse Private Banking and Schroders have seen recent departures.
5. Credit Suisse AM hires Asia distribution head
The asset manager has appointed a dedicated head of third-party distribution for Asia ex-Japan, with a focus on private bank coverage, AsianInvestor can reveal.
6. Mifid II tipped to accelerate bank research cuts
This was the second of a two-part series on the impact of Europe's incoming Mifid II rules, which will affect how fund managers pay for research. It revealed how banks' analyst teams may be under threat.
7. It’s 'high noon' to review your equity portfolio, says Willis Towers Watson
Investors should re-assess their approach to constructing equity portfolios now or risk posting disappointing returns.
8. Brandywine’s new Asia chief talks strategy, hiring plans
Brandywine Global has hired Tariq Ahmad as Asia ex-Japan CEO. In his first interview in the role, he outlined the fund firm's plans to focus more on Southeast Asia and tier-two clients.
9. Allianz names new CIO for Asian insurance arm
The German group has made an external hire to succeed Eugen Loeffler, who retired at the end of March.
10. AI100: Chinese asset managers on the march
In the first of a series based on our annual ranking of fund houses by Asia-Pacific assets, we unveil firms 76 to 100. Chinese companies dominate and are growing fast.