Decline in yen stalls Asia-Pacific AUM for Japanese fund houses, although a few posted some growth thanks to strong institutional inflows, AsianInvestor’s latest AI100 survey shows.
The Canadian firm continues the integration of its Asian wealth and asset management units with the hire of senior executives from Nikko Asset Management and Schroders.
AllianzGI's institutional chief resigns; Nikko AM names new Asia head; Algebris hires portfolio manager; CBRE names asset services chief; and White & Case boosts private equity team.
Nikko AM's CEO paid tribute to Pickerell's "tremendous contribution" to the expansion of its Asian business over the past five years.
The Japanese fund house has hired from BNY Mellon, Citi and Invesco to fill newly created roles, as it seeks to build out its international business.
Fullerton Fund Management and Nikko Asset Management Asia are aiming to launch equity and bond RQFII products after gaining approval from China's securities regulator.