NCSSF official says restrictive rules limit returns

China Orient AM International loses equities head; Pictet AM's China bond team sees changes; Macquarie Infra and Real Assets hires from Invesco; Varde designates Singapore-based co-CIO as CEO; Rothschild closes Asia wealth desk, regional head resurfaces; and more.

AIA’s Group CIO Mark Konyn believes some investors haven't sufficiently considered the governance trade-offs of private assets, or their illiquidity in tougher times.

Asset owners' appetite for illiquid assets has been tempered by several recent blowouts and prompted them to look more closely at fund houses' risk-management processes.

Harvest names Dale as Europe CEO in expanded role; Mike Langton switches to Enfusion; Vontobel WM loses Asia investment management head; HSBC PB hires Thailand market head; Pictet AM confirms new Asia CEO; and more.