Deutsche names Asia agency sec-lending head, Citi appoints Asia commercial bank head, Axa IM adds in distribution, Alvarez & Marsal adds two directors in Beijing.
Hong Kong-based Value Partners' CEO sees its purchase of a stake in the Chinese fund house as a springboard for its mainland business, but acknowledges the challenges it faces.
The firm is hopeful it will submit an application for a mutual fund JV this year. It has just launched a private equity JV as it seeks to build a track record in the country.
The US fund management holding company will open a Hong Kong office later this year with a plan to tap institutional and sub-advisory assets across the region.
Cheah Cheng-Hye, the fund house's chairman and CIO, says having good IQ, good EQ and good CQ is absolutely crucial to making it in the asset management business.
Franco Ngan, CEO of Value Partners, talks about the firm's China hedge fund and how its in-house researchers conduct 2,500 face-to-face company visits a year.
PingAn Group's CIO says Value Partners will be a preferred product provider for its QDII funds, adding he is comfortable with Hong KongÆs outlook in 2008.