Taiwan quasi SWF puts state priorities before profits

Pimco's head of South Asia departs; EFG Private Bank hires an Asia deputy head; Credit Suisse appoints a new head of China; MSCI appoints sales head for Australia and New Zealand; Natixis's head of Apac marketing leaves; Mercer adds Philippines wealth leader.

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.

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.

The Canadian institution's asset management arm has hired a senior executive to help develop its investment management business in the "must-win battlefield" of China.

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.