Britain's vote to leave the EU has sparked more renminbi weakening and capital outflows from China. This trend could wreak havoc on markets, says Chi Lo of BNP Paribas Investment Partners.
International fund firms have been ranked by the strength of their mainland business, in the first such report from Z-Ben Advisors. Outbound activity is seen as the highest-risk category.
Alternatives manager Orion Partners has shunned potential acquirers to partner BNP Paribas Investment Partners, while the French firm has been looking to fill gaps in its offering.
HKEx names ETF business head; Pictet's Anuj Khanna exits; Credit Agricole PB's HK investment solutions head departs; BNPP IP names global chief; Stradegi partners Bi-Sam in Asia; UOB moves to new HK offices; and Broadridge expands team.
The French firm is seeking to capitalise on its success elsewhere by adding two multi-asset income funds to its line-up in Asia. It is betting on continued demand amid volatile markets.
The Hong Kong-based manager has poached senior staff from HFT Investment to boost its China team, as the firm readies the launch of a European multi-asset income fund.