The US-based life insurer has said it might leave the Taiwan market. If it does so, it will follow in the wake of other foreign players such as ING and AIG.
The US fund firm has poached Scott Keller from UBS Global Asset Management to lead and build out its Asia distribution team and strengthen its intermediary network.
Monita Chon joined the Swiss fund house as head of institutional business for Hong Kong and Taiwan this month, following the arrival of Michael Chen in January.
The bank may create a multi-boutique set-up after its acquisition of ING IM Australia. But Grant Bailey of ING IM denies the sale is part of plans to cut back in the region.
Retail funds look set to provide faster asset growth than institutional business, says the head of Manila-based BPI Asset Management, which is about to launch a funds trading platform.
Target-redemption funds have been attracting inflows in Thailand due to swinging volatility in the local stock market. But not all asset managers have jumped on the bandwagon.