Meanwhile, Asian wholesale fund buyers plan to reduce their high-yield exposure, said Matt Shafer, head of international distribution at Natixis Global AM, discussing a new survey.
The country's funds industry expanded amid tricky conditions last year, by Securities Commission figures, but investors are told to brace for lower returns in 2016.
Doom and gloom does not seem to apply to Citi’s $200 billion wealth management business in Asia. It is one of the few distributors in Asia not to have cut back on its list of manufacturers.
Goldman Sachs Asset Management has transferred Lloyd Reynolds from London to Singapore to build its sub-advisory business.
After a 15-month stint with BlackRock, Wong is back at Fidelity.
Brad Levitt and Anton Martin are both promoted to Singapore-based roles.