JP Morgan AM adds in sales, loses one to Invesco

Fidelity hires Julius Baer funds specialist; Franklin Templeton's new Asia investment solutions head; RBC names SE Asia WM chief; Bank of Singapore makes HK, Taiwan hires; NAB appoints WM CEO, and more.

Domestic asset managers are increasingly sophisticated and could become global players within 20 years, said the Asia chief executive of JP Morgan Asset Management.

By including Formosa bonds as overseas investments, the island's financial regulator could put limits on life insurer buying in order to encourage more investment at home.

Sovereign wealth and state pension fund allocations to alternatives have doubled since 2013, but crowded markets will make it harder to hit return targets, Invesco's industry report shows.