The German asset manager has enlisted an ex-Mercer executive for the newly created leadership role and appointed a new head of multi-asset in Shanghai.
The investment consultancy plans to replace its China wealth leader after he left last month. A principal on its alternatives team has also moved on.
The rise of environmental, social and governance issues to become a core aspect of the investment process has led to asset owners more closely examining fund manager claims.
Asset owners outside Asia often hire Western firms to manage their Chinese equity portfolios, despite mainland fund houses’ lower charges. But there are pros and cons to weigh up.
The country's defined contribution plans could weather market storms better if they had a wider choice of alternative assets and a stronger focus on rebalancing, say industry experts.
Pension fund investors are in for a shock, with global equity market falls reducing their assets. There are a few ways they can react to minimise falls and maximise returns.