Boe Pahari to leave as AMP Limited demerges; Temasek backs Indonesian telemedicine startup; Korea Post and GEPS looking to hire fund managers; GIC and Sequoia India co-lead funding for Razorpay; AustralianSuper appoints senior manager of portfolio strategy; Thailand's new pension fund to draw $1.7 billion; Taiwan fines fund houses over BLF bribery scandal; CPPIB doubles investment in Korean logistics JV
AustralianSuper hires property head in London amid buildout; Cbus appoints first chief IT officer; Pictet opens Shanghai WFOE, names head; AMP Capital appoints Rebekah Swan as NZ head of clients; Milford AM names sustainable investment head, senior analyst; VC firm QED hires India/SE Asia head; and more.
AMP accused of undervaluing businesses in sale; China insurers' stock buying rules to be eased; HK MPF returns sour; NPS premiums likely to climb, GIC adds to board, and more.
Australian bodies urge postponing IFRS 17 implementation; Swiss Re, Temasek and others weighs Anbang investment; HK retirement system criticised; Dai-Ichi invests into cybernetics, and more.
Bringing in a European with a record of turning around businesses at the top may not solve the Australian investment and insurance group's credibility problem, say industry observers.
Assets under management were boosted by investor demand for infrastructure-related investing, AsianInvestor’s latest AI100 survey shows.
Despite strict regulations, lax corporate governance and a low qualification threshold for advisers are partly to blame for the alleged criminal behaviour at AMP.
Revelations of malpractice by the Australian investment and pensions firm will reverberate across Asia, where it has a big base of clients and partners. The group is tipped to be split up.
AMP Capital's Asia head says Hong Kong and Singapore are appealing in terms of wholesale but not institutional business, as she assesses where the best opportunities lie in the region.
Australia's AMP Capital expects to hit the $1.5 billion target for its Global Infrastructure Fund by mid-year with the help of flows from Asian institutions, including Japanese pension funds.
As China's pension market develops, AMP Capital's stake in a major mainland pension insurance firm is set to be a key growth asset, its international CEO tells AsianInvestor.
The Australian firm’s purchase of a stake in China Life Pension Company highlights the growing allure of China’s retirement segment, said industry expert Stuart Leckie, albeit with certain caveats.