Tag : asset management

While Asia's asset management industry is growing faster than in the west, profitabilty is lower as houses are not diversifying into alternatives enough, finds Boston Consulting Group.

Under its new chief executive, LS Asset Management wants to open a dialogue with overseas asset managers as it strives to build out its retail offering with global product.

The co-CEO calls its asset and wealth management business potentially its most important division. It comes after the bank failed in the partial sale of its AM unit last year.

Having recently been named chairman of the $11.5 billion NH-CA Asset Management, Lee Taejae plans to reorganise its internal process and raise exposure to global securities.

Mainland asset managers are increasingly seeking to sell their capabilities to European institutions, although lack of brand recognition and market volatility are obstacles.

Emerging markets are rising fast and have most potential in terms of retail funds as growth in the region’s offshore hubs stalls, finds Fitch Ratings.

The bank is working to find cost efficiencies as it finalises an integration plan for its merged private banking and AM business. Product selection and IT are two potential areas of focus.

Neil Harvey will focus on institutional and ultra-rich clients in Asia as well as retain his group co-CEO role for Greater China.

Banque Syz is relocating staff to Asia to focus on asset owners and is looking for fixed income and equity talent. It is also exploring whether to register products for retail sale in the region.

Hong Kong’s largest IFA is seeking to expand its product offering to target clients with $1 million and is talking to offshore private banks on a B2B basis.

China's insurance regulator has awarded asset management licences to seven domestic fund houses and two brokerages as it ups liberalisation. The next batch is expected soon.

They are asking for long-term performance, but changing managers on short-term results. Nevertheless, Cerulli’s Ken Yap sees emerging opportunities for serving Asian institutions.