Asian bond market investors face challenging times, but interest rates, credit selection, and local currencies create opportunities for alpha, according to Manulife Asset Management.
Fidelity International is understood to have created a Greater China head of investment solutions role, while Manulife AM’s international head of portfolio solutions has moved on.
The Canadian asset manager has poached Emily Chew from index provider MSCI for the global role in Hong Kong, amid rising asset owner interest in sustainable investing.
The Canadian insurance asset manager has lost a senior executive in Hong Kong as the group integrates its wealth and asset management units.
Shirley Lam has been promoted to head of affiliate wealth for Asia. Previously North Asia chief, Lam will now also lead distribution of the firm’s wealth solutions in Asia through tied distribution channels.
The firm's Asia asset management business intends to build a funds platform in Hong Kong to tap the opportunities offered by the upcoming mutual recognition scheme, its regional chief tells AsianInvestor.
BNY Mellon names wealth director; Mercer shuffles wealth team; Manulife AM creates global EM team; Isabelle Tian joins Sarasin; State Street adds Seck to management committee; and Withers enters Australia.
UBS's investment arm has seen another big recent departure in Asia, as CEO Kai Sotorp joins Manulife Asset Management as global head of asset and wealth management.
Mercer strengthens its China advisory team with the poaching of a London-based Towers Watson executive.
Michelle Ng joins from Mercer in a new role to increase its multi-asset penetration in Asia, which makes up less than 5% of AUM for its portfolio solutions group globally.
Retail investors in the region say saving for retirement is a top priority, yet they continue to rely heavily on cash deposits, which offer little to negative returns.
After years of discussion, Vietcombank Fund Management will soon become the first onshore firm to launch a balanced open-ended mutual fund.