Damien Mooney says most major banks have invested in due diligence over the past year, driven by regulation. But he believes fee-based distribution would challenge fund houses.
Hong Kong-based investors are significantly less satisfied with their financial advisers than those elsewhere, and more are going online to do research, finds a BlackRock survey.
The head of retail and private bank distribution for Hong Kong and Southeast Asia is set to leave the region, with Asia retail head Damien Mooney assuming her duties, at least for now.
The fund-management giant sees its Asia-Pacific heads of both institutional business and investment marketing, respectively, quit for pastures new.