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PineBridge pares Asia retail business

The fund house's regional retail head leaves, with sources suggesting PineBridge is concentrating on private banks and institutions in the region.
PineBridge pares Asia retail business
PineBridge Investments’ head of retail and intermediary channels for Hong Kong and Singapore has left the firm, with market participants suggesting the move signals a pullback from that business. The former asset-management arm of US insurer AIG is now focusing on selling its range of traditional and alternative funds to institutions and private banks in the region, say sources. A spokeswoman confirmed Linda Luk’s departure, but declined to say when she left or whether she would…
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