Vanguard hires ETF veteran from UBS; Northern Trust appoints SE Asia chief; Permira names Japan heads; KKR hires Japan chairman; TH Real Estate names new CEO; and Savills IM boosts Japan team.
UBS Global Asset Management has appointed exchange-traded funds veteran Sammy Yip in a newly created role as it seeks to build out its ETF business.
Last week, AsianInvestor spoke to the Hong Kong-based firm’s management team about its plans and thoughts on the exchange-traded funds market.
State Street Global Advisors is set to restructure its ETF business after the departure of Yip, who becomes Lippo Investment Management's third consecutive hire from SSgA, as the Indonesian firm bids to revive its former glory.
Meanwhile, the exchange-traded fund giant still has no plans to launch inverse or leveraged ETFs.
The World Gold Council plans to hire product specialists to cover China and Japan, with the aim of boosting institutional investment in the commodity.