The insurer's merger of its asset and wealth management divisions in the region is seen as an effort to cut costs and boost efficiency, following similar moves by banks in recent years.
Product selectors flag areas for improvement in the industry, such as a lack of detail about fund performance drivers and churn of sales staff at both distributors and fund houses.
They highlight two areas they need to improve on to increase penetration among the region’s wealthy population during AsianInvestor’s inaugural Fund Selectors Forum.
Splitting up assets across different markets and platforms in Asia could be problematic, argues Donna Cotter, the insurance firm's Asia head of wealth management.
The firm has appointed Donna Cotter to spearhead its regional distribution drive from Hong Kong. It wants to work more with private banks and insurers.