The bank may create a multi-boutique set-up after its acquisition of ING IM Australia. But Grant Bailey of ING IM denies the sale is part of plans to cut back in the region.
Retail funds look set to provide faster asset growth than institutional business, says the head of Manila-based BPI Asset Management, which is about to launch a funds trading platform.
Target-redemption funds have been attracting inflows in Thailand due to swinging volatility in the local stock market. But not all asset managers have jumped on the bandwagon.
That will be a boon to the series of new Brazil and Latin America funds, but investors should be wary of Chilean and Colombian stocks, says the Dutch asset manager.
The Dutch firm's Asia-Pacific chief executive is off to pastures new and will be replaced by regional general manager Grant Bailey, as the group's future remains uncertain.
Wu will run Greater China sales out of Hong Kong, replacing David Yuan, as the Zurich-based firm chalks up two recent mandates and registers three more funds in Taiwan.