KIC appoints new deputy CIO; SSGA loses HK head of ETFs; Ping An AM portfolio manager exits; Bridgewater China hires tech head; Vanguard names new Asia head; BlackRock hires Apac head of iShares; CBRE Greater China advisory head departs and more.
Swiss private bank Lombard Odier has signed a strategic agreement with UnionBank, to launch global and diversified multi-asset funds for the Philippine bank’s high-net-worth investors.
Continuity in asset allocation and investment strategy is widely expected at the world’s largest pension fund as it replaces Hiromichi Mizuno with an experienced banker.
Some of the country’s pension funds are benefiting from years of diversification efforts, although the pandemic’s fallout has made investment execution harder.
The institutional fund distribution platform is pressing ahead with its second Asian branch, despite uncertainty following months of protests and, more recently, the coronavirus.
The incoming president of the world’s largest pension fund will need to oversee a freer hand in foreign asset allocation and appoint a new CIO, with Hiromichi Mizuno leaving.