Paul Carrett says he supports the use of derivatives to hedge risks and execute promptly and hopes the new RBC regime doesn’t limit the investment opportunities available to insurers.
Singapore’s biggest insurer has sparked questions by replacing its experienced investment chief, Yoon Mun Thim, in another senior shakeup in the industry.
BlackRock has poached from a local firm to fill the role. Meanwhile, the US asset manager is not yet bullish on Japanese stocks despite their heavy fall this year.
The $427 billion pension fund has named a new head of domestic equities amid changes under its new leadership, following underperformance against a range of overseas peers. (The update corrects an error in the ninth paragraph regarding the performance of the MSCI All Country World Index (ex-Korea).)
The French private bank has poached from rival JP Morgan Private Bank to replace Asia chief investment strategist Stefan Hofer, who left late last year.
The bank continues to build out its Asia ex-Japan wealth business, creating a chief investment officer role with a remit to build its advisory and portfolio management team.