AIA Sri Lanka names Chathuri Munaweera as its first female CEO as Nikhil Advani takes up top position at AIA Thailand; Former HK finance secretary John Tsang joins fintech advisory committee; Fidelity International promotes Victoria Mio to head of equity research for Asia Pacific; Sectoral AM hires regional director from Nikko AM; and more.
The insurer is turning to private equity as part of a search for more investment diversification and yield, says Hong Kong CIO Jethro Goodchild. Infrastructure debt is also gaining appeal.
Hong Kong tycoon Richard Li's Pacific Century Group conglomerate has moved Paul Carrett from life insurance subsidiary FWD to become chief investment officer of its operation.
Life insurance firms in the country look set to allocate more assets into local fixed-income rather than venture overseas, even as more foreign players buy local players.
The Hong Kong-based insurer has hired from rival Generali to fill the newly created role, having rapidly expanded its investment portfolio with several recent acquisitions.
Regional bonds offer great interest to investors and issuer alike. Hong Kong’s bond market offers a rare opportunity, said speakers at a webinar.
FWD and HSBC executives explained in an AsianInvestor webinar that regional bonds should suffer less than others from rising default and geopolitical risk.
The Hong Kong-based insurer is looking to investment-grade bonds in the region as it seeks decently yielding debt that is unlikely to be downgraded into junk territory.
The German insurer is using its new holding company as a platform to develop its business faster in China, but more rivals will be there soon.
The CIOs of Prudential Hong Kong and FWD outlined their investment approaches at the FundForum Asia event on Tuesday.
Paul Carrett says he supports the use of derivatives to hedge risks and execute promptly and hopes the new RBC regime doesn’t limit the investment opportunities available to insurers.
In an exclusive interview with AsianInvestor, the CIO of FWD Group explains why new risk charges need to be reasonable if Hong Kong insurers are to fulfil their duties.