It’s looking like a long, ugly summer for trading Asian equities, with Southeast Asia exhibiting the only signs of life.
China’s mutual funds industry has seen a large number of managers swap jobs this year, data confirms. However, personnel change is no guarantee of improved performance.
Several Asian markets hit their lowest daily turnover for 12 months last month, with Japan showing a particularly sharp reversal, says agency broker ITG.
After falling since June, ITG's liquidity indicator for the region rose in December, helped by growing trading volumes and a drop in trading costs.
Ian Simmonds is headed to the USA; Hazel McNeilage will run Asian ops; the search for a regional sales director is on.
Tina So is moving to the SFC while Rigby takes a breather.