Is Vietnam ready for private banking?

Investment and finance executives say the city’s government may have damaged its image as a financial centre with its push to pass an unpopular extradition law.

Axa IM loses senior equity manager; Harvest grabs fixed income head from Manulife IM; Allianz names Asia life and health CEO; GAM adds Australia insto head; Aberdeen Standard hires investment specialist in Australia; HP Wealth expands team; East Capital internally promotes Asia head; Capital Group appoints marketing director; and more.

The large and fast-growing US fund house has poached an executive from Pimco to replace Carlo Venes after his promotion and relocation to head office.

China is looming larger on the radar of California’s $234 billion pension fund for teachers, as it undertakes a major portfolio management overhaul.

Pimco's head of South Asia departs; EFG Private Bank hires an Asia deputy head; Credit Suisse appoints a new head of China; MSCI appoints sales head for Australia and New Zealand; Natixis's head of Apac marketing leaves; Mercer adds Philippines wealth leader.