Asian life insurers are more cautious than global peers about economic risks, according to a new survey. Some, including AIA and FWD, are seeking to diversify their risks in response.
The bank has promoted Michael Levin to run its asset management across the region as it sets out on expansion with increased focus on the segment.
Simon Flood exited the firm last week, having only taken up the role of regional CEO in August. Axa IM said it was for personal reasons. His replacement has already been lined up.
The shortage of relationship managers has become acute against increasing client wealth over the past five years, writes Scorpio Partnership.
High-net-worth individuals in Asia Pacific have the highest average of 4.8 relationships each, while their main wealth managers have the lowest share of wallet – exactly the opposite of the Americas.
AsianInvestor unveils the next segment in its list of fund management companies by assets invested in Asia-Pacific.