Northern Trust on Gulf buildout, eyes pensions

Fidelity International's Asia head retires; Aberdeen Standard PE specialist leaves; Manulife AM's Asia wealth and AM chief exits; LaSalle IM's strategic partnerships head to leave and more.

First State's Asia MD leaves; Aviva Investors hires Asia insto head; Investec AM's Asia adviser head leaving; AB building China team; Schroders hires China bond manager and more.

New asset allocation rules and staffing requirements have been set out for life insurers engaging in the annuities business, as well as fund houses seeking to manage such funds.

A senior executive will switch from Eastspring Investments, part of UK-based Prudential, to replace Paul Wilson as insurers in Asia look to develop their offerings for wealthy clients.

The $151 billion pension fund’s CIO explains the rationale behind big changes in areas such as investment insourcing and equities allocation.