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.