US state pensions’ shifting approach to China equities

PNB chief steps down, citing harassment; Barings hires first Asia property head to build new platform; AMP Capital names new CEO; ex-Value Partners exec joins HeungKong Financial; Brian Lou will run new UBS China bond fund; MSCI raids JP Morgan for Greater China head; Credit Suisse appoints heads of onshore China and of Asia Pacific trading; and more.

The two asset owners are launching what should be the largest closed-end fund in Asia for a diversified portfolio of premium real estate, and are eyeing several assets.

WTW hires American Century's Korea saleswoman; CIC sees executive VP exit; Knight Frank hires Singapore advisory duo; Deutsche taps HSBC for SE Asia wealth head; family office Kamet adds seven; Capital Group appoints sales duo; BNP Paribas WM structured investment head exits.

The firm is set to fill the vacancy left by Mandy Chan with a hire from BNP Paribas Asset Management, which is promoting internally to cover her departure.

The state pension fund aims to invite bids for the two mandates by the end of the year to raise its alt exposure and replace underperforming managers, AsianInvestor can reveal.