Pimco's Asia chief to retire; Monument hires in HK; SocGen adds in rates, credit; Henderson GI replaces China fund head; Nomura taps CICC for economist; and Anne Street appoints strategy chief.
Discretionary portfolio management is starting to gain traction, but finding and retaining investment staff to do it is tricky, say private banking heads in Southeast Asia.
The wealth heads of several big Southeast Asian firms spoke to AsianInvestor about their strategies for expanding in the region and some of the challenges they face in doing so.
Growing investor sophistication will impose greater demands on fund firms, as Asia's middle class expands and pension schemes are reformed, argued panelists at an AsianInvestor forum.
Khazanah hires CIMB deputy CEO, Axa IM expands in Asia, HSBC on hiring spree, Nikko AM bulks out Tokyo office, Old Mutual GI names distribution head, Matthews grows HK headcount.
The Malaysian joint-venture asset manager has announced new chief executives as part of a rotation of posts, further signalling its international ambitions.