Vanguard launches a pension fund in Australia, the first new fund license to be approved in six years; Taiwan's Bureau of Labor Funds appoints seven asset managers - four foreign and three local; and more.
The life insurer sees many opportunities around ESG investment in alternatives, but questions how to evaluate such emerging assets using traditional metrics.
Malaysia’s KWAP aims to increase its overseas investments; Singapore’s GIC will take a majority stake in luxury beach resort group; Korea's KIC posted double-digit returns for the first half of 2022.
Former ESG head from GPIF join IFRS sustainability board; CIC chair of the board of supervisors departs; Prudential Hong Kong appoints Lawrence Lam as CEO; Chubb Life Hong Kong appoints new president; AustralianSuper promotes Daniel Lim to investment director; BlackRock makes two key hires in Asia; and more.
As China opens up its insurance asset management companies to wholly foreign ownership and expands their investment capabilities, overseas life insurers anticipate playing a bigger role onshore, especially in the trillion-dollar pension business.
Former China Life Group CFO returns as company president; Prudential regional CEO for growth markets departs; Sun Life appoints chief client and innovation officer in Singapore; GIC head of data governance and management leaves after 23 years; Temasek director of investment for agri-food sector moves from San Francisco; VFMC hires head of equities from Hesta; and more.
Ping An of China Asset Management hires new MD and fixed income head; Two senior executives leave HKEX; Prudential Thailand names chief actuary; Fidelity promotes new head of equities in China; BlackRock relocates Eric Liu to Shanghai as fixed income head; WTW appoints new head of crb for Hong Kong; and more
Future Fund CIO Sue Brake steps down; Prudential expands group executive committee; Eastspring's head of portfolio advisors Kelvin Blacklock leaves after 20 years; MLC Life chief executive to retire, to be succeeded by Kent Griffin; JLL hires from single family office; Value Partners taps managing director from Blackrock; Franklin Templeton gets Apac investment strategist; and more.
Anil Wadhwani has joined Prudential as group CEO from Manulife Asia; GIC’s private equity investment looks beyond definitive ESG; Family offices show strong interest in alternative investments; Southeast Asia: the next hotbed for digital infrastructure investing; New private pension scheme could open up Chinese assets to foreign insurers; and more.
Prudential has named Anil Wadhwani as group chief executive. He will continue to be based in Hong Kong, as will Damien Green who has been named his successor as Asia CEO at Manulife.
India’s Life Insurance Corp initial offering was oversubscribed 2.95 times, with participation from Norges Bank Investment Management, GIC, ADIA, and domestic funds; the Saudi Public Investment Fund will allow investments in Israeli companies for the first time with a $2 billion commitment in private-equity firm Affinity Partners; Hong Kong's Exchange Fund posts $7 billion quarterly loss; and more
China Life Insurance appoints new president; Solmaz Altin joins Prudential from Allianz; Temasek director appointed chair of ESG committee at SVCA; Manulife IM Asia CIO for real estate to depart in June with Jessie Liu appointed as his replacement; JP Morgan AM hires from AllianceBernstein; Cbus appoints head of retirement and product governance; and more