The US multi-affiliate firm, formerly Old Mutual Asset Management, is closing its Hong Kong umbrella sales office as part of a change in strategy amid the Covid-19 pandemic.
The fixed income manager joins the growing list of fund houses to have closed their branches in Hong Kong, but it has kept some staff in the city.
Swiss private bank Syz has called time on its asset management business in the region, closing its Hong Kong office a decade after setting it up.
The $168 billion asset manager has cut its six-strong team in Singapore for commercial reasons, but denies it is exiting the city-state and re-affirms its commitment to the region.
Start up mezzanine finance provider founded by three ex investment bankers goes live in Singapore.
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As the Hong Kong Monetary Authority rotates senior staff roles, its $541 billion Exchange Fund has rebounded strongly from a first-quarter investment loss.
American Century appoints new Korea sales head; JP Morgan names Japan head of investment stewardship; Schroders replaces global real estate head; Morningstar names head of sustainability research for Emea and Asia Pacific; Manulife rings changes in Hong Kong; and more.
The appointment will take effect on August 8, with Torres set to retire and return to Europe after 23 years with the group.
Increasing polarisation between East and West leaves China in the economic driving seat, according to a new IFSWF and Invesco report.
This is the first of six articles in Eastspring’s Asian Expert Series, which explores the future of Asia post Covid-19. The pandemic has accelerated a rethink of how companies should configure their global supply chains - while cost and quality have historically been key considerations, resilience will become increasingly important.
Funds houses are acquiring niche players in order to cover weaknesses in alternatives, which is the industry’s largest revenue pool, and as ESG's importance grows.
The pandemic could cause interest rates to remain low for decades, making it tough for pension funds to improve returns. They must urgently diversify to offset this risk, say experts.
Jin Liqun is re-elected to a second term as president of AIIB; Franklin Templeton confirms new CEO and restructures Apac management team; Cbus names new CEO; Manulife names general manager for Asia emerging markets; AllianzGI builds out multi-asset team in Asia Pacific, and IQ-EQ hires business development director.
China is set to integrate its interbank bond and exchange bond markets. Five market experts share their thoughts on the move.
This is the second of six articles in Eastspring’s Asian Expert Series, which explores the future of Asia post Covid-19. While the outbreak accelerated many of the technological shifts that were already underway prior to the pandemic, we identify five key trends that will reshape the global landscape and the role Asia will play.