Sumitomo Trust & Banking stakes growth in a mature pensions market on structuring fund products around its prop-desk activity.
Tag : bgi
The newly appointed chairman of BlackRock Asia-Pacific discusses the asset manager's structure and objectives for the region.
The products will provide access to the CSI 300 index and more focused exposure to four sectors, including energy, financials, infrastructure and materials.
The trust bank now ranks as the third-largest manager of Japanese pension money, behind Sumitomo and Barclays Global Investors.
The UK asset manager is the fourth institution to go live with Swift's funds-automation solution in Australia, as adoption of the service gains momentum.
iShares gains a Chinese name and parent BGI sets up a Beijing rep office.
With CVC Capital Partners out of the picture, Barclays' board sanctions the deal and now awaits shareholder approval.
The perils in the acquisition are considerable in Japan, where the BGI franchise has more to lose than to gain.
One problem is how to fit active extension mandates into legacy asset allocations, suggesting that support for these quant products might come from new institutions elsewhere.
Thanks in part to the integration of Barclays Trust mandates, the firm now has more assets than the next three-biggest players combined û but its lead is not set in stone, says researcher.
Nick Good transfers from San Francisco to lead iShares regionally.
Barclays Global Investors frees its hands of a legacy business, while Sumitomo Trust gains heft in fund administration.