Weekly roundup of people news, June 22

The fund industry’s latest mega-takeover has big implications for the two firms and for their clients in Asia. AsianInvestor looks at issues that the deal raises.

The big Chinese insurer is about to fund its first global multi-asset portfolio, as chief investment officer Ben Deng continues a strategy revamp and eyes more foreign exposure.

Future Fund's head of private property departs; HSBC global cuts to affect Asia; FTSE Russell names first Asia sustainable investment chief; Savills appoints Malaysia head of asset management; BNP Paribas AM's EM debt head exits; SingAlliance poaches from BNP Paribas; and more.

The new portfolio, which can help to lift returns, distinguishes itself from the Future Fund's placements with the Exchange Fund's long-term growth portfolio.

A surprise doubling of the overseas allocation limit to 30% and lifting of the ban on private equity investment are welcome changes for increasingly yield-starved Thai insurance firms.