Fidelity International's Asia head retires; Aberdeen Standard PE specialist leaves; Manulife AM's Asia wealth and AM chief exits; LaSalle IM's strategic partnerships head to leave and more.
New asset allocation rules and staffing requirements have been set out for life insurers engaging in the annuities business, as well as fund houses seeking to manage such funds.
The central bank opened its HK$10 billion life annuity scheme for registration today, and will use several of its divisions to invest the premiums and manage the risks they incur.
The state pension fund’s deputy director general spoke to AsianInvestor about its plans for the equity portfolio, which is likely to be split between five sizeable asset managers.
By including Formosa bonds as overseas investments, the island's financial regulator could put limits on life insurer buying in order to encourage more investment at home.
Sovereign wealth and state pension fund allocations to alternatives have doubled since 2013, but crowded markets will make it harder to hit return targets, Invesco's industry report shows.
First State's Asia MD leaves; Aviva Investors hires Asia insto head; Investec AM's Asia adviser head leaving; AB building China team; Schroders hires China bond manager and more.
The Singapore state investor is steadily expanding its North America portfolio and has opened a third US office, in Washington, DC. But it may slow its pace of deal-making globally.
