The region’s top 300 institutional investors registered a 3% rise in assets under management during 2016, according to our 15th consecutive annual survey.
China Merchants Bank and ICBC have leapt into the ranks of the 25 biggest private banks by global AUM for the first time, fast outgrowing their international peers, finds new research.
Korea and Singapore have seen the strongest demand for the RQFII scheme outside Hong Kong and have been rewarded with extra quota, while other markets are kept waiting.
Having received a QDLP licence, the Hong Kong fund house is selling its China joint venture and targeting mainland retail and high-net-worth clients via a three-pronged strategy.
The only way to sustain China’s booming asset management industry is to ensure new product sales avoid implying returns are risk-free, said Wu Xiaoling of the National People’s Congress.
China's asset management free-for-all harbours risks which need to be tackled with new rules, senior executives have said. They want the responsibilities and liabilities to be harmonised and explained.
CPPIB, Omers and OTPP are busy hiring in the region for investment talent in credit, real assets and particularly equities. Omers is also planning to add office space in Singapore.
China Pacific Insurance appoints new chairwoman, COO; AMP's CEO to leave by third quarter; Robeco announces duo in senior China roles; Axa IM hires head of institutional sales for Asia; GLP names co-president for logistics; BlackRock sells onshore Korea distribution business; Income Partners poaches head of distribution from Vanguard; and more.
Although sustainable funds have seen increasing inflows amid growing environmental awareness and the spotlight on social issues due to Covid-19, the industry still lacks a standard definition of sustainable investing. Nicholette MacDonald-Brown, head of European blend equities at Schroders, explains the firm’s three-pronged approach of people, process and purpose.
The Singapore state fund recently bought into impact investing specialist LeapFrog, and is eyeing more investments that combine strong financial returns with a positive social effect.
Special purpose acquisition companies (Spacs) have gained ground as financing vehicles for companies looking to go public. But Asian family offices have yet to make many investments.
Swiss Re hires head of China asset management business; BlackRock deregisters its China WFOE; DWS names head of Apac insurance coverage; Amundi appoints first Asia sustainability officer; Manulife IM appoints senior portfolio manager for asset allocation; Morgan Stanley IM hires portfolio manager for A-shares; and more.
Asset owners are interested in sustainable investments but they lack enough peer benchmarks and suitable products, according to a World Economic Forum white paper.