AsianInvestor’s 10 top stories in June
Here we present the stories from our daily newsletter that attracted the most attention in June, with number one having received the most hits from our core readership of asset owners. We do not include in the list the roundups of people news we publish every week.
1. Lindsay Wright exits BNY Mellon (By Joe Marsh, June 19)
The US firm’s investment management arm sees its co-head of Asia-Pacific and regional head of distribution move on.
2. Texas Teachers pension fund eyes Asia office (By Joe Marsh, June 6)
The $151 billion scheme's chief investment officer tells AsianInvestor about its potential expansion strategy for the region, where it has $22 billion allocated.
3. BNP Paribas Cardif Life raids Axa for Asia CIO (By Joe Marsh, June 12)
Gregoire Picquot has switched insurance firms, with Axa Asia CIO Boris Moutier understood to have assumed an expanded role.
4. Market views: How HK's MPF system should change (By Ernest Chan, June 21)
The MPFA is set to review contribution level amounts in July, as well as propose other measures. We asked four experts where they feel reform is most needed in the MPF system.
5. HK fine for Noah a warning for fund firms (By Joe Marsh, June 3)
More sanctions related to investment product sales are expected after the Hong Kong unit of Chinese wealth manager Noah was fined in late May. Fund houses should be concerned too.
6. Asset owners highlight insourcing challenges (By Jolie Ho, June 7)
The Hong Kong Housing Society, along with insurers Generali and Ping An, discussed the pros and cons of managing assets in-house during our Asian Investment Summit in late May.
7. Canada's PSP doubles private debt, steps up Asia push (By Joe Marsh, June 13)
The $118 public pension fund has ramped up its exposure to illiquid assets as it prepares to open an office in Asia.
8. Asset Management Awards 2018: The final winners (By The Editors, June 1)
AsianInvestor revealed the final award winners at our annual Awards Dinner on May 31. They include Best Asian Asset Manager and Fund House of the Year.
9. Capital Group insto head leaves for Lazard AM (By Joe Marsh, June 21)
Lazard Asset Management has hired an Asia veteran to look after regional distribution. He comes from rival Capital Group, which has also seen other recent changes.
10. How UBS WM cuts funds from its platform (By Indira Vergis, June 6)
Jansen Phee of UBS Wealth Management discusses how the Swiss private bank decides to remove fund products from its funds platform.