After 16 years at Fidelity International, the fund house’s lead China fixed income manager will move to US rival Invesco, according to a well placed industry source.
Invesco’s Chinese fund management joint venture has hired Kevin Chen, a 19-year alumnus of Axa Investment Managers, as deputy general manager.
Last week mainland regulators handed private fund management licences to Invesco and Value Partners, and eased foreign-ownership limits on financial services firms.
JP Morgan Asset Management has expanded its Southeast Asia coverage, but has seen at least two individuals leave in Hong Kong, one for a rival US fund house.
With China's equity markets now harder to ingore than ever before, foreign investors are having to grapple with how to access them.
At an event focusing on the changing investment environment for insurance firms in Asia, industry experts discussed accounting and technology developments.