Consolidation is inevitable among exchange-traded fund providers that don't attract sufficient volumes to turn a decent profit, argue fund managers.
Tag : state
Regulatory uncertainty still clouds parts of the exchange-traded funds market, says a new report from State Street Global Advisors.
The Chinese fund houseÆs prospectus for its Asian equities product, slated for launch next week, indicates it will manage the fund without MOU partner State Street.
The firm intends to boost its Asian fixed-income capabilities and regional client servicing under the new leadership of Mark Lazberger and Michael Stapleton.
Michael Wu moves over from State Street to help strengthen Northern Trust's presence in China, as global custodians capitalise on rising opportunities from overseas investments.
Former First State bigwig takes on newly created role as head of fixed income.
Pension reform continues to spur investment managers to outsource back and middle office functions.
Overseas Assurance Corporation drops Northern Trust.
A survey of 37 foreign and local Beijing bank branches places state-owned banks at the very bottom.
Its next ambition is to provide back-office services for regional fund managers.
David Travers is to replace Peter Baker who heads to London.
Mark Lazberger is promoted to CEO of Japan following the departure of Milton Isa.