Asian fixed income has hit record levels of foreign ownership, but stickier offshore investors should preclude a 1997-style crash, says Western Asset's Lian Chia-Liang.
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The US house’s head of Asian fixed income says a renewed focus on the region’s bonds should result in a change in how they are priced and traded, amid a strong home bias.
CEO Mark Fetting says the global fund management company wants to acquire alternative capabilities to complement the group’s Permal business.
Mark Fetting has revamped the corporate structure, boosted risk management, and is now looking how to grow Legg Mason, including acquisitions in emerging-market equities.
Unfazed by the recent breakup of its QDII advisory deal with China Southern, BNY Mellon carries on with its planned launch of a JV with Western Securities.
The fixed-income specialist looks for ways to grow its Japan institutional business with new licenses and hires.