ICBC-Axa Life says PE funds could be a 'buy' next year

Lieven Debruyne will move to London as the UK fund house’s global head of distribution as part of a senior reshuffle, raising the question of who will succeed him in Asia.

Prudential's head of digital departs; CapitaLand Investment Management's CEO resigns; HSBC Private Bank picks up trio of executives; BNY Mellon IM hires intermediary duo; Sterling Valuation sets up HK office; Moody's appoints Asia Pacific head and more.

Sun Life appoints Asia president; M&G launches Apac equities team; Manulife IM names Asia private markets head; UOB AM expands into Indonesia; CDIB Capital scalps Rivendell Partner founder for buyout role; CIMB WM chief departs, and more.

The $72 billion government-linked fund manager is gaining momentum as an international investor with the appointment of its new head and a growing focus on overseas mandates.

The local regulator is introducing new rules to discourage wealth managers from constantly shifting investor assets into new funds. But some believe the practice will continue.