The German insurer's move to buy a 51% stake raises questions for Singapore's Fullerton Fund Management, given the latter manages a large chunk of Income Insurance's assets.
BlackRock's former China JV head leaves; Fullerton FM hires MD for alternatives; Amundi names institutional sales head for South Asia; QIC gets new private debt chief; Hines opens office in New Zealand; and more.
The strong performance of emerging markets, especially China and India, has led to a pick-up in interest, say industry experts. But don't expect a fully fledged comeback just yet.
Mobius hands reins to Dover; Eastspring names investment services head; T. Rowe Price hires Japan chief; UBS WM adds vice-chairman; RBC WM appoints SE Asia head; Fullerton hires in fixed income; new Northern Trust sec lending head; State Street buys GE AM; Citi poaches ANZ economist; DBS hires tech head; and HK SFC shuffles committees.
It is not clear how fund firms should proceed with their QFII or RQFII quota, says Manraj Sekhon, CEO and CIO of Singapore’s Fullerton Fund Management.
The Singaporean asset manager has hired a new multi-asset head as part of a push in this area, will add investment staff to its team in Shanghai and is eyeing distribution in Australia.