The state pension fund is strengthening internal controls, but experts say more action is needed, such as raising pay for investment staff to make them less susceptible to graft.
Yao Gang, the former IPO chief at China's securities regulator, becomes the next casualty of the government's anti-graft drive. The CSRC has responded by saying it will improve internal scrutiny.
Weary of recent corruption charges, the civil servantsÆ pension fund is capping the maximum number of accounts that managers can get from the fund.
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The life insurer has promoted Fanda Ho to replace Ben Rudd, who recently moved to a new internal role.
Swiss Re hires head of China asset management business; BlackRock deregisters its China WFOE; DWS names head of Apac insurance coverage; Amundi appoints first Asia sustainability officer; Manulife IM appoints senior portfolio manager for asset allocation; Morgan Stanley IM hires portfolio manager for A-shares; and more.
Backed by government action to remove regulatory bottlenecks, the city is moving swiftly to ensure ease of doing business for international firms.
Although sustainable funds have seen increasing inflows amid growing environmental awareness and the spotlight on social issues due to Covid-19, the industry still lacks a standard definition of sustainable investing. Nicholette MacDonald-Brown, head of European blend equities at Schroders, explains the firm’s three-pronged approach of people, process and purpose.
Special purpose acquisition companies (Spacs) have gained ground as financing vehicles for companies looking to go public. But Asian family offices have yet to make many investments.
The Canadian and Korean asset management operations of two life insurers have agreed to jointly take advantage of rising institutional investor demand for Asian alternative assets.
De-risking and green securitisation will help unlock much-needed institutional capital for sustainable infrastructure projects in Asia, say executives at multilateral development banks.
Rest Super names two new investment heads; BlackRock names co-heads of sustainable investment for Apac; AIA appoints Cambodia chief; Barings names head of institutional sales for Greater China and SE Asia; MUFG hires Asia head of ESG finance; and more.
The Hong Kong-listed shares of mainland companies should receive more interest as Chinese pensions and global investors seek to benefit from relatively low valuations.
The Canadian pension fund is transferring a senior portfolio manager from Singapore with a view to expanding and internationalising its capital markets team further.