Trevor Persaud of the Investment Management Association of Singapore says the industry body wants to help improve risk standards across Asia with the launch of its new guidelines.
Nikko AM makes global appointments, Deutsche creates SWF coverage role, Russell's Persaud moves to Stradegi, Nomura adds rates strategist, NBAD names sales head, CIMB makes senior research hire.
HSBC Global Asset Management and Sun Life Financial make a case for continuing to buy non-investment-grade debt, but others are less convinced.
Trevor Persaud has left Russell Investments after three years with the firm in Singapore. The news came at AsianInvestor's Southeast Asia Institutional Investment Forum yesterday.
The Asian asset management arm of Prudential plans to keep alts at 5% of its portfolio, while the Korean Federation of Community Credit Cooperatives will nearly double its exposure to 15%.
Russell Investments says it is increasingly talking to institutional investors and sponsors in Asia about outsourcing the functions of a CIO.