Hong Kong

Allianz Real Estate hires Scott Kim from Korea's National Pension Service; NZSuper hires investment strategist from Australian Retirement Trust; Former NPS executive Kim Seongmog joins Affirma as private credit head; Eastspring loses head of intermediary sales; Value Partners hires senior director from Allianz Global Investors; and more.

The bank has acquired a plot of virtual land in Animoca Brands-owned metaverse, The Sandbox, providing it with a new way to engage with potential and existing clients.

Diversification and increasing exposure to alternatives has become a core strategy for insurance investors, but what does this mean against the ever-changing macro backdrop? Hong Kong’s leading insurance investors will gather in person and discuss how to position portfolios for success.

Major asset owners, such as APG, NZ Super and AustralianSuper, are looking to invest in data centres in Asia even as the demand for these assets outstrips the current supply.

NPS head of Americas private equity and global hedge funds team leaves after 11 years; AIA hires director of tactical asset allocation from JP Morgan Asset Management; Manulife appoints chief risk officer for Asia; Bruce Tomlinson leaves Australian Retirement Trust; Franklin Templeton makes senior appointments in Malaysia; Eastspring loses three C-suites; and more.

Concerns remain on whether interest rate hikes by the Fed will be able to slow economic activity and tame inflation — or push the US economy into recession, triggering major uncertainties for Asian capital markets.

India’s Life Insurance Corp initial offering was oversubscribed 2.95 times, with participation from Norges Bank Investment Management, GIC, ADIA, and domestic funds; the Saudi Public Investment Fund will allow investments in Israeli companies for the first time with a $2 billion commitment in private-equity firm Affinity Partners; Hong Kong's Exchange Fund posts $7 billion quarterly loss; and more

FX strategist joins GIC from JP Morgan; BNP AM Singapore CEO Christian Bucaro to leave; QIC appoints transport partner; Abrdn names head of product strategy as its wholesales distribution director for Apac leaves for BlackRock; Hyundai- and Rockefeller-backed Sylban Group appoints vice-chair and Singapore-based MD; Franklin Templeton appoints Korea head; and more.

Singapore's tougher family office rules could attract more wealth; AXA Hong Kong to deploy $1.4 billion into alternative assets in 2022; AIA regional CEO Bill Lisle dies at 57; OTPP focuses investment in three Asia Pacific markets; Asset Management Awards 2022: Best asset service providers

Norges Bank Investment Management, GIC and the Abu Dhabi Investment Authority are among anchor investors in the initial public offering of Life Insurance Corporation (LIC) of India; Future Fund warns of heightened risks as it reports -1.5% returns for Q1 2022; Five Japanese insurers invest $367.3 million in World Bank sustainable bond; and more.

China Life Insurance appoints new president; Solmaz Altin joins Prudential from Allianz; Temasek director appointed chair of ESG committee at SVCA; Manulife IM Asia CIO for real estate to depart in June with Jessie Liu appointed as his replacement; JP Morgan AM hires from AllianceBernstein; Cbus appoints head of retirement and product governance; and more

Experts say the new rules will raise the bar for performance and professionalism in Singapore’s family office industry and attract interest from China, Hong Kong, India, and Indonesia.