Ping An names new co-CEO; former Ontario Teachers' executive takes on new role; BlackRock's China wealth management JV names new CIO; AIA hires group partnerships lead; GIC names deputy chairman; IFC appoints regional head in Asia; and more.
The US bank has hired a batch of senior traders and sales traders from rivals, notably Credit Suisse, in a drive to integrate execution for long-only and hedge fund investors.
The choice of multi-asset income products available in Hong Kong has further expanded, after inflows into such strategies grew 600% year-on-year in early 2013.
Currency interventions by the city's de-facto central bank to maintain the dollar peg led to a jump in call warrants betting on HKEx's stock. It could spell good news for market turnover.
The Banking & Payments Authority, a sovereign wealth fund for the oil reserves of the new nation of Timor-Leste, makes its first investment steps abroad.