Lieven Debruyne will move to London as the UK fund house’s global head of distribution as part of a senior reshuffle, raising the question of who will succeed him in Asia.
Foreign asset managers seeking a mutual fund licence in the mainland must differentiate themselves from domestic players in what is now a crowded market, a forum heard.
The UK fund house has relocated an executive from Australia to assume the newly created post in Hong Kong, as it seeks to fill two senior regional roles.
The continuing stream of international fund houses considering setting up in Asia has been advised to think very carefully before they do so. The number of cautionary tales is growing.
Schroders' Asia distribution head says the challenge in the market is not banks versus non-banks, but rather active versus passive. He has called on active managers to find a way to continue to be relevant.
Schroder Investment Management is looking for more financial technology investments, its Asia distribution head tells AsianInvestor. The fund house is in distribution talks with a Chinese e-commerce giant.