The increasingly complex global business model is one of the factors forcing asset owners and asset managers to look at middle-office outsourcing. Our guests discuss the issue in an AsianInvestor webcast.
Changes include increasing the allocation to global equities from 70% to 75%, of which 65% is to be targeted at developed markets and 10% to emerging markets.
Michael Wu moves over from State Street to help strengthen Northern Trust's presence in China, as global custodians capitalise on rising opportunities from overseas investments.