Friends investment chief resigns; Manulife names distribution head; Vontobel appoints products CEO; BNP boosts NRI team; Alfi names new chairman; BNY appoints services chief; and Mitsubishi names rates head.
Despite a tough first half for the UK insurer and reports that it may be selling its international business, Friends Life plans to devolve more fund-selection responsibility to the region and beef up its team there.
The move gives Friends Provident a stake in a fast-growing Malaysian business and pushes its Asian expansion further.
The web-based tool is aimed at creating a seamless process of risk profiling, asset allocation and portfolio construction.
More new business is coming from Asia, leading the third largest pension provider in the UK to reallocate resources to this region.