On holiday

GIC’s highest 20-year annualised real return since 2015 places it among the world’s five largest sovereign wealth funds.

Zurich Australia appoints CEO for Australian and New Zealand; BNY Mellon hires Southeast Asia head of intermediary; Franklin Templeton names head of Asia distribution; Robeco to add three ESG specialists in Singapore; JP Morgan AM names new head of data science; JLL adds head of Greater China; Lombard Odier hires COO from Credit Suisse; and more.

The city's booming asset management industry is boosted by rising interest from family offices, the Wealth Connect scheme and a growing retail investor base.

Nearly one third of central banks plan to increase their holdings of the Chinese currency over the upcoming 12-24 months, survey from a central banking think tank found.