Family Offices

The head of asset management for the Swiss bank is leaving to join the private equity company and help expand its outreach to wealthy individuals.

Maulife IM picks up head of Greater China institutional coverage; Head of Australia and Apac real estate leaves Nuveen; Schroders names head of Singapore and Apac distribution; PNB's iconic chairperson steps down; Blackstone expands ESG team; Phillip Capital names first ESG strategy head; J. Safra Sarasin appoints former BNP Paribas wealth chair and more.

More of the country's firms have begun offering environmental, social and governance data to investors, but adoption remains low. Plus, regulatory risk continues to offer uncertainty.

Regulators and investors are gearing up to integrate ESG factors in their investment processes this year.

Wealth experts believe the rollout of Wealth Connect could help to entice wealthy individuals and then family offices to establish operations in the city, especially if initial quotas are raised.