Global asset managers have tried to step up their presence in China for years. Those efforts gathered speed recently after Manulife and Fidelity won regulatory approval to operate wholly-owned onshore businesses.
CareSuper chair elected ASCI deputy president; DWS names real estate head for Australia; Fidelity hires former Credit Suisse AM's Asia fixed income head; FTLife appoints insurance veteran as chief capital officer; Schroders bulks up Asia fixed income team; and more.
TCorp names head of real assets and private markets; Aviva Investors appoints APAC head from Franklin Templeton; Fidelity International appoints Southeast Asia and Singapore head; La Salle hires head of RMB strategy from PGIM; GAM hires Japan equity analyst; and more.
UniSuper hires ESG Manager from ASCI; Reinsurance arm of Korea's LK Insurance to open Singapore office; Hong Kong's eMPF Platform Company appoints CEO; BNP Paribas AM appoints Mike Nikou as Asia Pacific CEO; Fidelity announces two senior hires for its sustainable investing team; HSBC AM names alternatives heads; and more.
Ping An of China Asset Management hires new MD and fixed income head; Two senior executives leave HKEX; Prudential Thailand names chief actuary; Fidelity promotes new head of equities in China; BlackRock relocates Eric Liu to Shanghai as fixed income head; WTW appoints new head of crb for Hong Kong; and more
Hesta appoints new CFO; Lighthouse Canton hires head of global institutional sales and former GIC real estate PM; former China Huarong chair takes on top role at China Orient AM; Helen Huang joins Fidelity as China MD from Hwabao WP; UBS hires Raymond Gui to manage the lossmaking Asian high-yield fund; T Rowe Price hires fixed income specialist from JP Morgan; and more.
Yin Haining and Markus Egloff join KKR as managing directors for its client partner group; QIC CIO to retire, promotes Allison Hill; Fidelity China President resigns; AIA Singapore appoints chief distribution officer; PE fund appoints VP of ESG and risk; Haitong International hires global head of asset management from Goldman Sachs; and more
Last week, the UN released a report on climate change that shocked many people, but institutional investors who have been integrating ESG in their portfolio were not among them.
A growing number of investors in the region are using climate-aligned allocation strategies, but they could do more. Few set environmental standards in mandates, for instance.
The asset manager will reorganise its fixed income investment team in Asia after the departure of veteran Bryan Collins next month. His expertise will be missed, said Morningstar.
With spreads on Asian junk bonds having widened sharply, are they a good bet, despite widespread concern over expected corporate defaults in the coming months?
Nine foreign fund firms are included in this year's preferential scheme, but is it discouraging product innovation and hurting investor interests?