A landmark investment partnership between the biggest mainland life insurer and Canada's Manulife Asset Management looks likely to herald more such deals.
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.
Fidelity’s Asia head of retail is to join Manulife AM as the asset manager attempts to expand its regional distribution platform. And Fidelity has named the executive who will replace Lee.
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.
Heavy cash holdings in Asia are limiting portfolio returns and condemning retirees to an uncertain future, according to a survey. Indonesians are likely to suffer most, while Hongkongers face major asset shortfalls.
The insurer's merger of its asset and wealth management divisions in the region is seen as an effort to cut costs and boost efficiency, following similar moves by banks in recent years.
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.
The firm is seeking to strengthen its team, reasoning that the great rotation is a reality and that Asia’s aging society requires better income security.
Manulife Financial's inaugural investor sentiment index findings indicate some interesting differences between markets in the region.
The manager has received a cross-border investment advisory licence and is targeting yield-starved asset owners, having hired a new head of institutional sales for the country.
The firm hires Sarah Lu from Axa Rosenberg IM Asia-Pacific in Hong Kong as it extends its portfolio solutions group to the region.