The region's investors are eager to take on more risk, but they are too focused on cash to achieve their return targets, finds a new global survey by Legg Mason.
Kimberley Stafford takes over a business that has ambitious plans, including establishing a China presence and building a regional retail business, in a testing environment.
But the US asset management giant has already ruled out using the mutual recognition of funds scheme or setting up a wholly foreign-owned entity in China.
The bond fund specialist has made two hires to focus on the retail market in Asia, and is considering its options in China, says Michael Thompson, regional head of wealth coverage.
Having hired its first Southeast Asia sales head, Old Mutual Global Investors is eyeing Singapore’s retail funds market and talking to potential partners in Malaysia and Thailand.
Individuals and institutions globally place more emphasis on transparency and ethical conduct than performance, finds a CFA Institute study exploring trust in the industry.