KIC to double usage of local asset managers

The cash-rich gambling hub is going to set up its sovereign wealth fund this year in order to lift investment returns and invest into the Greater Bay Area.

Club Plus Super chair steps down; Pictet sets up Asia family office team; FundRock opens Singapore branch; former Convoy director faces fraud charge; Indosuez appoints Asia chief; Capital Group replaces Asia marketing head; and more.

Korean pension fund GEPS and Sema both appoint new CIOs; Morgan Stanley Investment Management gets Korea head; former UBS AM head of Australia institutional coverage resurfaces; Colliers adds North China head and more.

In our Asset Management Award summaries, we reveal why we chose the winners for half of our Asia Pacific markets.

The German insurer has committed $600 million to manager GLP to launch a strategic partnership in the two countries, as it targets a higher level of investment into the region.