Another two senior executives, who oversaw private equity investment and wholesale clients, have left the firm following Franklin Templeton’s takeover of rival fund house Legg Mason.
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Young affluent Asians are the most pessimistic retail investor group about the world economy and yet they expect 10.5% returns this year, according to a survey to be released today.
The US fund house is exploring entry to two new markets in Asia and is looking to build a fund manufacturing capability in Hong Kong, its management reveals.
The number of emerging affluent Chinese using a financial adviser looks set to rise substantially, as does their foreign asset allocation, according to a new survey.