Institutional investors are placing greater demands on fund managers, but the business opportunities are also becoming far bigger in Asia Pacific, executives tell an AsianInvestor forum.
Barings will tomorrow launch its first Hong Kong-domiciled funds, targeted at the mass-affluent retail market. The asset manager says having the ability to offer an Rmb hedged class was a key factor in the move.
The firm is proposing to launch a range of locally domiciled funds by early 2015 to capitalise on the pending HK-China mutual recognition scheme. We talk to regional CEO Gerry Ng.
The firm has appointed Thomas Kwan from ICBC Credit Suisse to run its regional fixed income coverage out of Hong Kong.
Shum joins as Asia head of institutional business, having held similar roles at HSBC Global Asset Management and Franklin Templeton.