HKEx hires for new mainland team; Citi appoints Asia CEO; Northern Trust creates Melbourne team; Old Mutual gets new group chief; RidgeWorth makes sovereign wealth hire; and FTSE recruits for ESG.
Citi is deploying technology to diversify its product offering and make customer feedback more sophisticated and central to deciding how it provides advice.
GIC, Singapore's biggest sovereign wealth fund, says it has recovered half of last year's losses and indicates increasing allocation to alternative investments.
CitigroupÆs chief Asian strategist says stock price valuations in the region could rise above previous peaks, but not by much.
Citigroup report shows global fund managersÆ consensus weighting in Asia is at its most bearish in six years.
The build-out will complement hedge fund administration and sales already operating in Singapore.