The funds industry veteran has left Cathay Conning Asset Management after more than three years as CEO. Cathay Conning has named the executive who has been put in charge of the Hong Kong office.
A buy-side group accuses brokers of using indications of interest to test market demand and fish for more business.
Annette Wargon, global general counsel for Allianz Global Investors and RCM, considers the rising challenges of regulations such Dodd-Frank and the Foreign Account Tax Compliance Act.
Northern Trust lifts 12 operations staff from AllianzGI as part of a deal to provide middle-office servicing for RCM in Asia-Pacific, Europe and North America.
As part of Allianz Global Investors, the fund house has declared Greater China sales a global initiative, says regional CEO Mark Konyn.
The asset manager, part of Germany’s Allianz group, is finalising a global deal to use a third party for services such as fund accounting.
Harvest, HSBC and RCM are among those fund managers keen to develop renminbi products traded in Hong Kong, but many details still need clarification.
RCM’s global chief investment officer Lucy MacDonald argues that performance comes from underweighting banks and that clarity on the sector is needed in Europe.
Fundamentals-focused fund managers need to adapt to markets that are now more trading-orientated, particularly in Asia, says George Liu of RCM.
Standard Chartered loses out as Allianz hands Citi its insurance custody mandate for Asia, soon after the Bank Consortium Trust replaces HSBC as custodian of RCM's Hong Kong MPF funds.
Fund providers in SingaporeÆs state pension scheme will be subject to new qualification criteria from 2011, forcing some to shape up or ship out, and giving others a chance to grab market share.
The new fund will become Allianz Global InvestorsÆ core offering for the Greater China region. Previously issued products will be repositioned as satellite strategies for investors interested in China.