Hong Kong's funds association is surveying the public to understand more about what might coax them to save for retirement. Tax-free schemes are among the mooted ideas.
Suzy Waite
The Ho Chi Minh City-based firm has launched what it says is Vietnam's first Ucits fund. It is mulling partnering with firms to offer third-party funds on its Ucits platform.
Khazanah hires CIMB deputy CEO, Axa IM expands in Asia, HSBC on hiring spree, Nikko AM bulks out Tokyo office, Old Mutual GI names distribution head, Matthews grows HK headcount.
Gordon Hagart, who spent four years at the Future Fund, is set to join the Australian Council of Superannuation Investors. The Future Fund has already begun to seek his replacement.
Altius Associates, a private equity advisory firm with offices in London and the US, has hired a former Deutsche Bank executive to spearhead its growth plans in Singapore.
High-net-worth individuals in the region will lead the world in population and accumulated wealth as early as next year. They are becoming more digitally focused, too, finds a survey.
The Lion City is the fastest growing wealth centre in the world, with the number of millionaires there having doubled in the past five years.
Principal Global Investors is boosting its Asia sales team with an eye on China's RQFII programme and the mutual recognition programme between Hong Kong and the mainland.
The UK fund house has appointed Virginia Devereux Wong as head of its Asia wholesale business in a newly created role. Extending its multi-asset capabilities is on the agenda.
BNY appoints Credit Suisse executive, Eastspring taps retail sales head, PineBridge hires former BNY Mellon CEO, BNP names distribution head, Barclays poaches two from Nomura.
Fidelity Worldwide Investment expects growth in its institutional investor-base to outpace that of its retail business. Hiring is on the horizon.