But as asset owners outsource their swelling portfolios more in the coming years, they will drive harder bargains with external fund managers, says consultancy Spence Johnson.
Tag : ng sze yoon
EFG's SE Asia head resigns; Neuberger Berman in sales shuffle; Spence Johnson hires first Asia head; Credit Suisse boosts AES team; Northern Trust adds Pune operation; Latham & Watkins builds in HK, to open in Seoul; Iosco opening Asia branch; SS&C replaces Malaysia chief.
Ng Sze Yoon will leave the US-based funds industry analytics firm at the end of the month to help another research house set up in Singapore.
Mutual fund assets under management are declining as a proportion of household financial assets in Asia. This indicates a worrying lack of understanding of these products, say market participants.
Moves by Taiwan to tighten rules on foreign fund houses reflect a trend for governments in Asia to seek to strengthen their local fund industries, says the research house.