Foreign fund houses spend significantly more on outsourcing expenses and salaries than local asset managers in Japan, finds a new study, among other conclusions.
Japanese institutional investors will increasingly award mandates to foreign managers and advisers, according to Cerulli Associates and the Nomura Research Institute.
The segment is outstripping overall Indian population growth by a factor of 10, and with the increase in size come gains in sophistication, says Deutsche Bank.
Soh Chye Guan and Errie Maksum will join as market heads of Singapore/Malaysia and Indonesia, respectively, with four other bankers also coming on board in the Lion City.
Ranjit Khanna becomes the market head for non-resident Indians and South Asia at the Royal Bank of Scotland's international private banking arm.
Large institutional investors in Japan continue to increase allocations to hedge funds but performance is becoming a worry, says NRI.