Shin Kong Site in Taipei is tapping into Shenyin Wanguo Asset Management's China expertise in its latest Greater China fund launch. Shenyin Wanguo may follow up with a fund targeting European investors.
The Dutch asset manager gets the go-ahead for its sustainable private equity fund JV in China and looks set to gain master agent approval for fund distribution in Taiwan. That's not to mention pending deals in Hong Kong and Southeast Asia.
Ian Lui, the influential CIO of Shin Kong, resigns after five-and-a-half years in Taiwan. Deputy CIO Julian Chiu will replace Lui at the helm of a NT$1.13 trillion investment portfolio.
Investment returns for Cathay, Fubon and Shin Kong drop by an average of 32.4% as the insurers disclose their latest investment portfolio allocations.