The insurer’s Hong Kong head of asset-liability management has left as fund houses look to boost their actuarial and solutions expertise in Asia.
The asset management arm of Canadian insurer Sun Life has hired a replacement for a portfolio manager on its Mandatory Provident Fund team in Hong Kong.
The insurer wants to be able to offer unit-linked products that invest 100% in offshore-focused sharia funds. Separately, it is looking to raise its corporate bond exposure.
Senior executives at the Canadian insurer’s Malaysian and Philippine units explain how risk capital charges will further exacerbate the investment challenges they face.
Blackstone makes senior appointments; HSBC PB hires investment strategy head; Julius Baer replaces Kaven Leung; Sun Life names HK CEO; Thirdrock adds PM; BSI appoints Asia COO; Citi names prime finance chief; MUFG replaces institutional head; AMP Capital adds in equities; Morningstar shuffles structure; and Chi-X Australia gets new boss.
Our next two most influential gatekeepers are Stanley Ngan, whose team at Sun Life has autonomy on fund selection and investment ideas, and Barclays' Herbert Suen, who has influence in asset flows.