The potential onset of inflation due to a “new normal” for the global economy will add to the challenges of investors keen to build a viable multi-asset portfolio.
The departure comes as the German fund house cuts a layer of management in the multi-asset division globally.
The French insurer's asset management business is not up for sale, says its CEO, but it is consolidating certain business lines as part of a strategic shrink of its operations.
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.
Investors from the country, particularly its regional banks, look set to maintain a strong buying spree into foreign bonds in an effort to bolster their returns.
The Swiss firm has lured a senior executive from rival JP Morgan Asset Management to take up the multi-asset-focused role.