Insto roundup: NPS’s record loss; SSS of Philippines looks offshore

The Taiwan state pension fund is keen to hire five fund managers for the portfolio this year after the coronavirus pandemic delayed its plans.

The Dutch firm has appointed its first insurance coverage specialist in Asia as well as a new institutionally focused Korea sales head and client portfolio manager for quant strategies.

Malaysia's PNB appoints new CEO; Hong Kong's SFC moves office; Ping An Insurance adds third co-CEO; Principal Global Investors adds new head of North Asia institutional sales; JP Morgan AM names retail distribution head for Hong Kong; Sanne appoints business development heads in Asia; SC Capital hires head of investor relations.

Asset owners outside Asia often hire Western firms to manage their Chinese equity portfolios, despite mainland fund houses’ lower charges. But there are pros and cons to weigh up.