Britain's vote to leave the EU has sparked more renminbi weakening and capital outflows from China. This trend could wreak havoc on markets, says Chi Lo of BNP Paribas Investment Partners.
Tag : bnp paribas investment partners
International fund firms have been ranked by the strength of their mainland business, in the first such report from Z-Ben Advisors. Outbound activity is seen as the highest-risk category.
Alternatives manager Orion Partners has shunned potential acquirers to partner BNP Paribas Investment Partners, while the French firm has been looking to fill gaps in its offering.
HKEx names ETF business head; Pictet's Anuj Khanna exits; Credit Agricole PB's HK investment solutions head departs; BNPP IP names global chief; Stradegi partners Bi-Sam in Asia; UOB moves to new HK offices; and Broadridge expands team.
The French firm is seeking to capitalise on its success elsewhere by adding two multi-asset income funds to its line-up in Asia. It is betting on continued demand amid volatile markets.
The Hong Kong-based manager has poached senior staff from HFT Investment to boost its China team, as the firm readies the launch of a European multi-asset income fund.
BNPP IP appoints new India CEO; CIC loses private equity MD to Ontario Teachers; ARA AM names Australia chief; Credit Agricole appoints new HK private bank boss; Citi hires Asia retail bank head; CBRC vice-chairman named; and Sidley Austin names new partners.
The French bank's asset management arm aims to reap the rewards of financial liberalisation in China as it opens a wholly foreign-owned enterprise in Shanghai.
Long-only fund managers were largely absent during the first week of trading, partly as a result of the short notice given, said Francois Perrin of BNP Paribas Investment Partners.
BNP Paribas Investment Partners has hired Ryohei Shimazaki from Baring Asset Management as Japan head. He replaces Tino Moorrees, who is now running Hong Kong.
The fund house has filed an application in Paris, which was admitted to the renminbi qualified foreign institutional investor scheme last month. On Friday the scheme was also extended to Korea.
BNPP IP poaches from Harvest, AMP Capital undergoes reshuffle, ADS Securities opens in HK, Standard Life sets up Asia advisory board, Jones Lang LaSalle launches Xi'an branch.
