The world's largest asset manager starts with three index equity funds targeting institutional and retail investors in the city, but plans to extend that to active and diversified products in future.
Tag : kevin hardy
Bo Kratz moves from alternative investments manager Permal to replace Kevin Hardy, following the latter’s move to BlackRock.
Kevin Hardy is set to exit after nine years with Northern Trust to join BlackRock as head of its Asia-Pacific index equity team.
The former head of institutional business at BEA Union joined the US firm this month to help drive its regional build-out. Further hires are expected.
The firm moves to provide index equity portfolio management and equity and derivatives dealing after receiving a type-9 licence. It is also looking to enter a new Asian market.
Internal governance and compliance needs have left institutional managers with less time for due diligence and research, sparking interest in multi-manager services, says Northern Trust.
The social benefits of state investment agencies will be a major driver behind the establishment of new SWFs or existing ones growing in size, argue Kevin Hardy and Wayne Bowers.
Teresa Parker talks about expanding the US firm's transition management and risk reporting services in the region.
