The insurance firm has hired a former Aviva Investors executive to succeed Will Chen.
Mark Okada is co-founder and chief investment officer of Highland Capital Management, an alternative credit manager based in Dallas, with business development offices in New York, London, Singapore...
The central bank hopes to draw more private and infrastructure fund operators to Singapore and may yet push more money out to external managers in time.
Schroders poaches Pictet exec for HK CEO role; DBS in senior management reshuffle; Fundnel opens office in Malaysia; UBP names Asia vice-chair, St. James's Place WM hires duo, and more.
The €36 billion pension reserve fund will invite bids in January for the mandate, as the current one approaches its end. It also expects to increase its emerging markets allocation over time.
This will throw up opportunities for fund managers, especially as the private pensions space expands to cope with the urgent need for retirement savings, according to industry experts.