AllianceBernstein Asia CEO predicts retail recovery
Augie Cheh says Asian retail investors will play a big a role in AUM growth this year, as will institutional business.
In recent weeks, AsianInvestor has reported on a number of fund management companies that have made cuts to their retail operations in Asia, which reflects a widely held view among executives that this segment is moribund. Instead institutions, which remain cash rich, are the more likely source of continuing and new business.AllianceBernstein's CEO for Asia ex-Japan, Augustus "Augie" Cheh, doesn't see it that way. True, Suzanne Ton, who had been in charge of retail distribution, has r…
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