Investors are actively driving sustainable practices in China through voting and engagement, but asset owners still lag asset managers in ESG practices.
After 13 years with the firm and a long stint in Asia, he will leave the global role.
Portfolio manager Bryan Collins does not expect to see mainland bonds included in global bond benchmarks for at least a year. He also plays down concerns about the onshore debt market.
Ontario Teachers seeks Asia head; Vanguard shuffles leadership; Fidelity promotes Daisy Ho; Jupiter hires for EM debt; MBK Partners loses Kung; State Street names alts chief; RBC ITS brings in Kriesel; Credit Suisse replaces Thai wealth head; Henderson, Janus name bond chief.
Multiple macro fears are driving risk aversion among investors globally, but earnings growth and valuations cast Asian equities in a favourable light, says CIO John Ford.
The firm has handed responsibility for pursuing China business opportunities to Larry Chen, a BNY Mellon veteran who comes in to fill the hole left by Zhan Long.