Why DBS Private Bank trimmed its funds platform

The US asset manager has hired its first head of Asia insurance coverage, reflecting a trend among its peers. He starts on November 11 to tap this rapidly expanding client segment.

BlackRock's Apac head of client solutions exits; Sun Life names HK general manager; Pimco replaces Apac credit research head; Adamas adds MD and COO; American Century hires first Asia intermediaries head; Will Rainey goes part-time at Willis Towers Watson; and more.

Fidelity names China president; PFI Mega Life appoints chief; Bank of Singapore CIO exits, team restructure; Allianz Real Estate names global head of research; Eaton Vance poaches sales exec from Robeco; Investec AM hires head of private banking; and more.

As part of their new advisory powers, asset managers are looking to provide a broader digital platform to compete with the disrupters.

The Scottish fund house has put a general manager and investment director in Shanghai, as well as a new Asia intermediaries executive in Hong Kong.