The world's biggest fund house is making changes to its management and sales setup in Taiwan after a sharp fall in its assets under management there since end-2017.
Kimberley Stafford takes over a business that has ambitious plans, including establishing a China presence and building a regional retail business, in a testing environment.
Sandra Lu, partner of law firm Llinks, expects the first batch of wholly foreign-owned entities to register for private fund businesses in the next month or two.
More industry experts are voicing concerns about Hong Kong's planned fund manager conduct rules, saying the city risks losing business to its main rival.
Code of conduct changes planned by the Securities and Futures Commission would raise the barrier to entry for alternative asset managers, say industry experts.
Fund houses in the Philippines hope the central bank will soon allow feeder structures to invest in any Ucits product, citing fund passporting as a further incentive for this to happen.