Deutsche AM hires Asia property head; StanChart PB replaces Asean/South Asia head; EFG announces Asia boss; JP Morgan PB names Asia equities head; FPI installs new HK MD; Partners Group to open in Manila; Credit Suisse PB replaces Philippines head; Singapore EAM poaches from Credit Suisse; and OCP adds PM.
The UK bank’s shutdown of its equity derivative and convertible bond divisions seems unlikely to have major implications for the investment industry.
Despite the bank’s sudden – and seemingly unexpected – shutdown of much of its equity business, recruiters do not expect a mass personnel move to the funds industry in Asia.
Standard Chartered's advice to asset managers creating Hong Kong-domiciled funds to sell into China: create products that are both simple and strongly performing.
The bank's Singapore-based head of funds research is set to leave, and recruiters suspect we are poised for a round of cuts in a tough market for product-focused staff at firms in Asia.
Brad Levitt and Anton Martin are both promoted to Singapore-based roles.