Allianz GI names new Asia chief; Fidelity makes senior private banking hire; SocGen unveils new global markets team; Azentus alumni find new homes; and CVC recruits Japan head.
The regional asset management unit of the German insurer is to announce a successor for Douglas Eu, who is relocating to the US after being promoted.
The US fund house has appointed Terry Pan from JP Morgan Asset Management. It comes after Greater China CEO Desmond Ng left to join Allianz Global Investors.
The US fund house is searching for a new Greater China chief executive after Desmond Ng resigned. He is poised to join a competitor.
Ching takes over from Desmond Ng of Invesco. Terry Pan of JP Morgan AM is reappointed vice-chair, while Sam Yu of GAM Hong Kong takes a seat on the executive committee.
Net redemptions from this category were the highest among all funds in the first six months of the year, finds the HKIFA. EM equity sales also suffered, although EM bonds picked up.