State Street Global Advisors has hired an industry veteran to run its regional business following the departure of Ting Li earlier this year.
The former head of Asia at State Street Global Advisors has been hired by boutique bank Reorient as its co-CEO. Reorient is majority-owned by a holding company controlled by Alibaba founder Jack Ma.
In this video, Ting Li, senior managing director and head of Asia for State Street Global Advisors, talks to AI's editor Leigh Powell about opportunities for US investors in China
SSGA's Asia chief resigns; CIC subsidiary loses president; Citi appoints Philippines head; Vanguard relocates director to Singapore; JLL boosts China investment team; and SC Lowy hires bond chief.
The firm's Asia ex-Japan head, Li Ting, plans to list an RQFII ETF in Hong Kong this year, and potentially also on other exchanges. This comes after it received an RQFII licence.
The US house is adding investments staff and product specialists across Asia Pacific including in China, where it is recruiting for its new joint-venture fund firm.