The insurance and wealth group is looking at opportunities to grow its Asia distribution capabilities, with a particular focus on Singapore and Thailand. But the firm is concerned with achieving scale in new markets.
The global financial group will open an asset management business in Hong Kong this year, a senior executive tells AsianInvestor. But he says it will not operate under the traditional fund house model.
Speakers at AsianInvestor's Fund Selector Forum come out against completely open architecture platforms because of the high costs for distributors and potential risks for investors.