Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
In what is a newly created role, Tang will work closely with Gong on JPMorgan's China strategy product, as well take an opportunistic approach to individual stock coverage. Where the latter is concerned he will predominantly look at new transactions from the China market.
JPMorgan says the announcement comes after several years of breakneck growth in its China equities business, which will ultimately result in yet more hires and greater coverage of Chinese equity going forward.
At Goldman, Tang most recently covered Chinese small caps, automobiles and diversified industrials. Prior to this position, he worked in the vice chairmanÆs office, conducting global economic research.
Weekly investor roundup: Cathay Financial expects rate hikes to boost returns; NPS' enlarged stewardship role faces pushback
Cathay Financial Holdings anticipates that interest rate increases will help boost profits in the coming year; Korea's National Pension Service meets protest from the business community after move to enlarge stewardship role; MAS bans crypto advertising to the general public; Japan's GPIF appoints managers for fund of funds mandate; GIC returns for Checkout.com's Series D funding; and more
Despite Evergrande's woes, Allianz is still bullish on Chinese property and infrastructure, although it has slowed down its investment process.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Signatories are advocating for a robust policy on plastic pollution amid concerns that states would support a less ambitious mandate.