The US-based asset manager plans to ramp up hiring in the region as it tailors offerings to meet demand from family offices as well as enhance its alternative asset capabilities.
Korean Teachers’ Credit Union has signed a second real estate partnership agreement with a Californian counterpart; Singapore’s sovereign wealth fund backs third fund in series focused on Australian logistics assets; the investment firm that manages part of Alibaba co-founder's fortune is retreating from US stocks as it increasingly focuses on private markets.
The former chief of Hong Kong's Hospital Authority Provident Fund Scheme is heading up a new venture supported by some of the biggest pension players
The joint-venture fund company between Principal and China Construction Bank is looking to target China's pension fund market with upcoming fund of funds.
UK-based Newton Investment Management, which runs several funds with Asia exposure, has hired a new head of dealing to replace Anthony Russell.
Principal Global Investors is moving to target wealth managers more aggressively in Asia, with sub-advisory seen as a potential area of growth. Its new global head of wealth advisory spoke to AsianInvestor.
Foreign managers with a joint venture in China are likely to leverage the partnerships to their advantage under mutual recognition. But analysts say the quality of the cross-border relationships will be tested.
The US fund house has applied for a renminbi qualified foreign institutional investor licence and is talking up its parent's China joint venture, despite difficulties encountered by other mainland JVs.
Alastair Gillespie has joined the US fund house as chief investment officer of Asia-Pacific real estate securities with a mandate to hire.
Andrew Gordon leaves BNY Mellon, Principal rehires PMs, BNPP names senior wealth exec, Cordea Savills hires in Asia, and Coutts appoints new business heads.
As the buy-side shifts to electronic trading for low-touch orders, banks' program trading desks are redefining themselves to assume more of a hand-holding role.
Kirk West, previously Asia head at Principal Global Investors, will take over international distribution, while George Jamgochian will run US distribution.