After leaving BNY Mellon last year, the fund services veteran has resurfaced at RBC Investor Services, with Brent Reuter set to move to the US.
Asset-servicing firm RBC Dexia says RBC's acquisition of the remaining half of the business will hasten regional expansion and lead to greater cross-selling opportunities.
Another new arrival in Hong Kong is Banque Degroof Luxembourg, which will target small and medium-sized funds. It says Korean asset managers are eager to set up Ucits vehicles.
The new platform is focused on alternatives funds across Asia, with China its main long-term target, and will ultimately service traditional fund clients.
In the second part of a two-part Q&A, Jay Hooley, Boston-based chief executive of State Street, outlines his concerns about the proposed AIFM directive and why he’s optimistic about Asia.
In the first part of a two-part Q&A, Jay Hooley, Boston-based chief executive of State Street, talks about how the US financial reforms might affect his business.