AMP Limited's CEO-in-waiting, Craig Meller, is prioritising growth in China in a drive to turn around its investment management arm's shrinking AUM in Asia following a rout in Japan.
Tag : china life
Aussie fund manger AMP Capital and China Life joined forces and will set up a fund management company. Analysts say the insurer/fund manager partnership will be fruitful.
Wu Yibing, president of Citic Private Equity Management, explains the workings of the firmÆs newly closed Rmb9 billion fund.
This aggressive expansion into fund management may give PICC a head-start over rival mainland insurers China Life and Ping An.
China Life Asset Management selects Charles River Development to do the job.
ChinaÆs largest insurer is preparing to select an internal candidate to be its next CIO, sources say.
Liu Lefei has been asked to chair Citic SecuritiesÆ newly formed private equity arm in Sichuan.
Write-downs have cost China Life, Ping An and China Pacific Rmb30 billion ($4.4 billion) this year, not withstanding mark-to-market and foreign exchange losses.
Eventually China Life Franklin Asset Management may manage third-party assets in many asset classes, but the investment teamÆs mission is now to build a track record.