There's a potential social and economic price to be paid for ESG, delegates heard at an AsianInvestor event, which otherwise underlined growing interest in environment, social and governance principles.
The Dutch fund house has poached an institutional sales executive from BlackRock to lead its mainland business.
The Dutch fund house has added the Asian equity specialist to co-run institutional mandates, as well as an ex-BlackRock trader, but it is losing an equity analyst.
The Dutch fund house says the London-based executive has left to pursue other opportunities.
The Dutch asset manager will also add a third individual to its China equity research team. But it will need a new type of wholly foreign-owned entity if it is to run money onshore.
AMP Capital's Asia head says Hong Kong and Singapore are appealing in terms of wholesale but not institutional business, as she assesses where the best opportunities lie in the region.