Axa Investment Managers has hired a new director of private banking coverage for Asia as part of a bid to boost its coverage of the segment. More hires are expected as the firm grows its sales and marketing team.
In terms of asset gathering, fund managers should continue to look at North Asia, as it provides the largest retail and pension saving opportunities.
Having chosen Euroclear's fund-processing solution, the Korea Securities Depository will work with the Belgian firm to launch its new fund-distribution platform.
HSBC is waiting for a local incorporation license.