The Swiss firm has lured a senior executive from rival JP Morgan Asset Management to take up the multi-asset-focused role.
The Swiss firm plans to launch onshore China bond and equity funds, and at least two more asset managers are said to be close to winning licences for private fund management.
The fund house's Asia head of fixed income, Ashley Perrott, suggests that waiting on China's inclusion in global bond indexes is a red herring, as his firm continues its push onshore.
Institutional appetite for real estate continues to swell, with deals such as Qatar Investment Authority's purchase of Asia Square Tower 1 pointing to rising interest in Asian assets.
International fund firms have been ranked by the strength of their mainland business, in the first such report from Z-Ben Advisors. Outbound activity is seen as the highest-risk category.
The Swiss fund house has made further progress in building its onshore China business, but has no plans in respect of the Hong Kong-China mutual recognition of funds scheme.