BNP Paribas Investment Partners, the asset management business of the BNP Paribas Group, has appointed Puay-Lit Tan as head of official institutions, Asia Pacific and deputy chief executive officer in Singapore.
Manulife Holdings Berhad, the Malaysian arm of Canada's Manulife Financial, has agreed to acquire MAAKL Mutual, a Malaysian unit trust company, from the MAA Group Berhad and other shareholders.
Zurich is to stop selling its range of life insurance products through tied agents in Hong Kong, from the end of this year.
Singapore should consider revamping the way its investment fund laws are structured, to permit different asset management industry sectors to offer more variety and thus cater to a brader range of clients, a new PwC white paper says.
Annette King, currently the president and chief executive officer of Manulife Singapore, has been named to take on a newly-created regional role, which will be based in Manulife's regional offices in Hong Kong, International Adviser has learned.
Standard Life Investments has set up a new office in Hong Kong as part of its on-going Asian expansion plan and in order to make the region its Asia Pacific hub.
Managing a special situations fund that essentially follows a multi-asset fund allocation strategy, James Sullivan, fund manager at MitonOptimal is in favor of making allocations to the domestic-driven economies of the Asean region, but at the appropriate time.
The world’s second largest economy looks poised for a sustainable period of economic growth and will be able to re-ignite it further, only if the Chinese authorities initiate big reform steps, said Douglus Turnbull, head of Chinese equities at U.K-based Neptune Investment Management.
Schroder Investment Management, the Hong Kong arm of London-based Schroders plc, has reopened its Asia Asset Income Fund, and added a Renminbi-hedged share class.
By 2020, Asia is likely to account for almost 40% of the global market with annual growth of about 8% a year, according to Ravi Menon, managing director of the Monetary Authority of Singapore.
The Securities and Exchange Commission Thailand, Association of Provident Fund (AOP) and Association of Investment Management Companies (AIMC) have collaborated to develop an Accredited Provident Fund Committee Members Program (APC).
Oliver Bolitho, chairman of Goldman Sachs Asset Management in Asia Pacific, has decided to retire from the firm at the end of the year, as per an internal memo obtained by International Adviser.
