JP Morgan Asset Management's highly respected Asia chief is to head the North American business of UK insurer Prudential. The US firm is tipped to name an in-house replacement.
Michael Falcon is moving to a North American role at the British insurer after eight years at the US asset manager.
The investment industry will remain fragmented despite the trend for more mergers, and Beijing is not motivated to lead an Asia funds passport, argues Michael Falcon.
The US fund house has named its new Asia-Pacific CEO. He tells AsianInvestor that he is focusing on China, institutional investors and intermediary distribution of funds as the key drivers of growth.
The global fund house is looking at opportunities in Malaysia, Philippines and Indonesia through a feeder fund structure. But it is most excited about the Hong Kong-China mutual recognition scheme.
Jed Laskowitz is to co-manage its global solutions business out of New York, while retaining his Asia-Pacific CEO role. The firm also unveils a head of its mutual funds business in Asia.