The $3.15 trillion asset manager has named a new head of Asia via an internal promotion as part of a round of layoffs and following reports that the firm may be sold off.
The US funds giant has made senior hires in Hong Kong and Singapore and is about to appoint a new Korea head. But it has also seen turnover in the region.
State Street Global Advisors has hired an industry veteran to run its regional business following the departure of Ting Li earlier this year.
The UK fund house has continued its regional buildout by hiring a senior executive from Samsung Asset Management to head the branch, with a focus on institutional clients.
JP Morgan hires UBS executive, Mizuho names fixed income head, Threadneedle bolsters business development, Deutsche appoints EM equity head and Sarasin taps MD.
June Wong, senior managing director at AllianceBernstein, is joining Threadneedle in a newly created role, possibly as regional vice-chair reporting directly to Raymundo Yu.