Northern Trust on Gulf buildout, eyes pensions

Axa IM loses senior equity manager; Harvest grabs fixed income head from Manulife IM; Allianz names Asia life and health CEO; GAM adds Australia insto head; Aberdeen Standard hires investment specialist in Australia; HP Wealth expands team; East Capital internally promotes Asia head; Capital Group appoints marketing director; and more.

Investment and finance executives say the city’s government may have damaged its image as a financial centre with its push to pass an unpopular extradition law.

The large and fast-growing US fund house has poached an executive from Pimco to replace Carlo Venes after his promotion and relocation to head office.

Singapore or Hong Kong may appeal to private equity managers for fund domiciling, as other offshore jurisdictions bring in stricter economic substance rules, thus reducing their attraction.

China is looming larger on the radar of California’s $234 billion pension fund for teachers, as it undertakes a major portfolio management overhaul.