Tag : transition management

The bank has moved to centralise transition management resources in response to sluggish industry flows, cutting its Asia-Pacific head of TM, Tom Wyse.

Layoffs of transition management chiefs continue in Asia, underlining the problems faced by this business worldwide.

The Korean central bank has chosen a group of transition management providers as asset owners push for greater transparency on transition costs.

Another regional transition management boss moves on amid what some say is a quiet market for changes to portfolios.

Singapore-based Richard Surrency has left the bank after three years amid tough markets for TM business and major staff moves in Australia.

In the medium to long term, institutions are expected to rebalance portfolios after Japan's natural disaster, but transition managers don't predict big shifts out of the market.

Investors are allocating equities to ex-US developed markets while reducing risk in fixed income, says Ross McLellan at State Street Global Markets.

Firms offering transition management could be affected by forthcoming rules that reduce their ability to warehouse risk.

Tom Wyse joins the Swiss firm in Sydney from Deutsche Bank to focus on sovereign wealth funds and institutional pension clients.

Transition managers can look forward to continued growth in demand for advisory services this year, says State StreetÆs Justin Balogh.

Sandie OÆConnor of JP Morgan is positive on the prospects for collateral management, securities lending and transition management, despite a third-quarter drop in revenue for the bank's worldwide securities services unit.

John Moore moves to Tokyo as the new head of Russell InvestmentsÆ Asian transition management business.