Korean parliamentary service proposes splitting NPS assets to separate funds; Taiwan's leading insurers earn more money in seven months than all of 2019; Turkey Wealth Fund eyes Belt and Road deals; Axa could sell Singapore business; Temasek becomes key shareholder of BlackRock and more.
Japan's GPIF rebounds with record quarterly return, seeks real asset fund-of-fund managers; Korean insurers rush to sell property; Calpers' ex-CIO Ben Meng held stakes in Blackstone and Carlyle that may be conflicts of interest; Life Insurance Corp of India struggling amid Covid-19; Taiwan's BLF suffers biggest quarterly loss; and more.
Canada Pension Plan Investment Board hires Asia head of relationship investments; DBS Private Bank's head of fund selection to leave; Citi Private Bank appoints head of India investment products; Raffles Family Office names Greater China head; Ninety One relocates fixed income fund manager; First State Investments names non-executive director, and more.
Australian Super partners with greenhouse gas emitters to reduce carbon; Korea's NPS to raise foreign investments to over 50% and to ramp up investing staff fivefold; China's insurance regulator looks at solvency management; Singapore's GIC sees drop in returns; Allianz appoints new Apac COO; Taiwan releases solvency regime plan and more.
Jin Liqun is re-elected to a second term as president of AIIB; Franklin Templeton confirms new CEO and restructures Apac management team; Cbus names new CEO; Manulife names general manager for Asia emerging markets; AllianzGI builds out multi-asset team in Asia Pacific, and IQ-EQ hires business development director.
Australia's Hesta asks Australian government to emphasise green investment; Korea Investment Corporation seeks commercial properties in Europe and China; Singapore's Temasek announced 2.2% drop in portfolio value; sovereign wealth funds own lowest level of equities for six years and more.