Northern Trust on Gulf buildout, eyes pensions

If the Hong Kong crisis escalates and Beijing intervenes, what would the repercussions be?

The world's biggest fund house is making changes to its management and sales setup in Taiwan after a sharp fall in its assets under management there since end-2017.

Aberdeen Standards adds Japan property head; Munich Re names new Greater China CEO; Investec shuts HK wealth business; HSBC non-committal on potential Asia layoffs; JLL replaces Singapore capital markets head; HSBC PB poaches from Credit Suisse, and more.

Nine Masts founder exits; Ontario Teachers' CEO on Asia buildout plans; First State Super's hiring spree; Merian poaches T. Rowe Price saleswoman; Capital Group beefs digital team; HSBC Singapore bolsters private banking

The aspirations of Hong Kong to become a viable private equity fund domicile face competition from Singapore, which is already more advanced in its plans.