While there is still institutional interest in private credit, wealthy investors have been less enthusiastic in Malaysia, according to one investment research head.
The appointment of any of the candidates, all of whom are former business executives and money managers, reinforces the image of Singapore being run as a super-efficient corporation, said one observer.
While structured products and equity funds used to be the asset classes of choice for high-net-worth individuals in Asia, the winds have changed as they now look towards alternatives.
Neutral durations and infrastructure debt are part of strategies insurers have employed to manage headwinds such as regime changes and interest rate uncertainties.