Japan’s Nikko Asset Management and UK-based Legal & General Investment Management are to cooperate on providing products to their respective clients, reflecting a rising trend.
Maybank's asset management arm plans to launch two new funds this year and use CIS to passport them to Malaysia and Thailand. The firm is also looking to hire a fund distribution specialist with a regional remit.
StanChart recruits from Julius Baer; Nikko AM taps BAML for strategist; Religare GAM gets new CEO; Barings appoints head of GEMs; Swift names heads of compliance and Asean.
The Monetary Authority of Singapore has given the products the green light, but industry observers highlight that regulators in Malaysia and Thailand have yet to do so.
The Malaysian asset manager is partnering Nikko AM to tap Singapore's retail market and will target European institutional investors using Ucits funds. Thailand is also on its radar.
Nikko Asset Management is reshuffling its senior executives after the departure of president and CEO Charles Beazley, including hiring a Barclays executive as chairman.