Insurers seek alternative assets to avoid profit squeeze

The insurance firm is handing more autonomy to its individual country CIOs and seconding its regional CIO to Eastspring in Singapore, as the changes continue at UK group Prudential.

Prudential names new Singapore CEO; MS Amlin replaces Asia chief; Pimco loses sales trio in HK; Principal Financial appoints new division heads in HK; Gam hires distribution manager in Australia; Colliers names new Apac CEO; East Ventures names adviser.

The financial giant plans to complete its intelligent investment platform for ESG this year and hopes the technology can be widely adopted by the industry when it becomes robust.

Former M&G exec starts as CEO of new PE firm; SSGA names Apac head of ETF sales; Axa IM makes investment and sales hires; JLL adds Japan hotels team head; Intertrust opens NZ office; Bank of Singapore appoints North Asia wealth planning head; and more.

A period of looming inertia as the sovereign wealth fund seeks a new leader could raise pressure on the government to draw down on some of its assets.