Northern Trust on Gulf buildout, eyes pensions

The city-state's newest life insurer is looking to appoint more third-party fund managers this year as it grows its assets and expands across borders, its CEO tells AsianInvestor.

Schroders WM acquires wealth business of Thirdrock; Barings appoints Asia equities chief; Columbia Threadneedle appoints new Apac chief, NTUC Income to get new CEO; NZ Super names domestic equities head, and more.

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The third-largest life insurer in China looks set to increase its private equity allocation, chiming with regulator efforts to get insurers to use their assets to support economic growth.

The chief executive, chief financial officer and chief operating officer are moving on, and the fund house’s choice of new CEO is seen as surprising.