Former China Life Group CFO returns as company president; Prudential regional CEO for growth markets departs; Sun Life appoints chief client and innovation officer in Singapore; GIC head of data governance and management leaves after 23 years; Temasek director of investment for agri-food sector moves from San Francisco; VFMC hires head of equities from Hesta; and more.
But some feel Europe’s financial services industry may become less concentrated in the UK capital as a result of Brexit, with asset managers, for instance, potentially moving businesses elsewhere.
Administrators should be forced to share fees evenly with fund providers, the head of Haitong International has suggested. It comes as the industry grapples with a fee cap set to be imposed on MPF providers.
Haitong International is mulling the possibility of sub-advising on RQFII ETFs in Singapore as its seeks further licences to support its buildout in the city-state.
The CSRC's drive to elevate dividend payout ratios, combined with investors' desire for transparency, potentially spells good news for China equities.
The Chinese asset manager launches a fixed-income renminbi fund that is set to be the first of many such vehicles.
The new fund provides absolute return opportunities in the China region.