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.
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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.
The bank becomes the second after Citi to combine trading execution with settlement/clearing on a multi-asset class platform.
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.
Another CEO role opens up in Shanghai as Mandy Wang departs China International and is followed out of the firm by her deputy general manager.
Private equity and real estate look set to enjoy rising demand from Japanese pension funds, says survey.
David Hansson transfers from London to develop the bank's equity-linked structured products platform and distribution in Asia ex-Japan.
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.
The bank's Power Strategy model exploits capital flows as drivers of Hong KongÆs equity markets.
The fund will be invested across all real estate sectors in China, Hong Kong, Macau and Taiwan, with a primary focus on new developments.
Ping An will buy close to 40% of the deal which will see Value Partners become the second listed asset manager in Asia.