The recent departures include those of three segment chiefs for Asia-Pacific: the chairman for alternatives and heads of index strategy and of client relationships for factor strategies.
The asset manager has put its global emerging markets head in Asia and added other staff there, underlining the importance of the region both to the firm and within the EM universe.
BSI names new Asia chief; BlackRock adds equity PM; RBC WM hires head of discretionary; LaSalle creates Australia funds head role; AMP Capital continues revamp; Challenger replaces funds chief; RHB appoints retail head; Milbank opens Korea office; and Withers partners Khattar Wong.
Andrew Swan of BlackRock expects either continued low-beta returns or a resurgence from improved economic outlook and reforms. He sees reasons for optimism in China and India.
Emerging market hard-currency bonds generally seem a better buy now than their local-currency equivalents, says Sergio Trigo-Paz, the US fund house's head of EM debt.
The US fund manager says much depends on the government, but expects economic growth to slow in the second half. As such, it is underweight Chinese banks.