Mainland life insurers are seeking training in areas such as asset allocation, asset-and-liability management and liability-driven investment, heralding a major shift in approach.
The US manager has appointed Patrick O’Donnell from BNP Paribas Investment Partners in a newly created role to keep its product suite in line with institutional needs.
The nation’s largest institutional investor, the Employees Provident Fund, has been urging fund houses to expand their investment teams, increasing its own staff as AUM rises.