Nuveen

Sunsuper and QSuper appoint CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.

Some pensions from the country have indirectly invested into China via pan-Asia funds, while a few European pension investors have sold Chinese stocks over ESG concerns.

The country's lifers are seeking high-quality overseas assets to strike a balance between risk and return. However, new capital rules from 2023 are making these choices harder.

Indonesia Hajj Fund Management Agency (BPKH) says that pandemic woes hit direct investment in 2020, but the fund remains firm in its commitment to using it as a tool to drive ESG change