HESTA hires Saudi wealth fund's former head of markets; Janet Li joins BEA Union Investment; Victoria-based asset owner names infra head; IFM Investors hires former Jupiter AM Asia chief; Prudential names chief IT officer; and more.
The CEO of BEA Union Investment discusses where progress is being made and where further liberalisation is likely in respect of the Hong Kong-China cross-border fund scheme.
Fund firms suspect high distribution costs in China will generate thin margins in the scheme's early days, but having to hire a distribution agent could help as they consider how to scale up.