A former team head for the Singapore market at Citi Private Bank has moved to a similar role as a managing director at the German firm.
The CSRC has awarded Australia's first RQFII licence to a Vanguard subsidiary. And with the renminbi scheme expanding rapidly, last week Deutsche revealed it had received Germany's first licence.
Market participants see Asian investors' interest rising in private equity secondaries amid frustration over the slow pace of exits from primary PE deals in the region.
Deutsche Asset & Wealth Management will move an emerging-market investment team to Hong Kong from Europe, as it increases its focus on North Asian institutions.
Several firms are readying mainland fixed income exchange-traded funds to list in the US, including the first to invest in Chinese interbank commercial paper under the RQFII scheme.
Henry Wong joins Elke Schoeppl-Jost, his former boss at BEA Union Investment, at Deutsche Asset & Wealth Management, which aims to expand its Asian bond fund range.
Though he admits Deutsche Asset & Wealth Management is later to the passive-investing party than its US rival, Michele Faissola sees room for players in other niches and talks about the firm's Asia business.
Franklin Templeton poaches from DeAWM, Adia names head of global research, Neuberger Berman adds in sales, NBAD names investment chief, Moody's fills new Islamic finance role.
DeAWM will follow the product with seven RQFII sector ETFs, though market conditions will determine their launch dates in New York, says Marco Montanari.
Ken Tam is said to have joined Deutsche Asset & Wealth Management as head of North Asia sales, a role similar to the one he had held at JP Morgan Asset Management.
Deutsche Asset & Wealth Management and Harvest Global Investments plan to list the exchange-traded fund in Europe, initially in London. January 16 is said to be the target date.
Use of exchange-traded funds remains low in Asia Pacific, according to Deutsche Asset & Wealth Management’s annual Asian ETF survey.