Market Views: What’s next for cryptocurrencies?

Prudential's head of digital departs; CapitaLand Investment Management's CEO resigns; HSBC Private Bank picks up trio of executives; BNY Mellon IM hires intermediary duo; Sterling Valuation sets up HK office; Moody's appoints Asia Pacific head and more.

Sun Life appoints Asia president; M&G launches Apac equities team; Manulife IM names Asia private markets head; UOB AM expands into Indonesia; CDIB Capital scalps Rivendell Partner founder for buyout role; CIMB WM chief departs, and more.

The $72 billion government-linked fund manager is gaining momentum as an international investor with the appointment of its new head and a growing focus on overseas mandates.

The local regulator is introducing new rules to discourage wealth managers from constantly shifting investor assets into new funds. But some believe the practice will continue.

The country's elimination of limits on qualified foreign institutional investor and RQFII investments is welcome and could help encourage better governance and transparency.