As Vanguard switches senior executives in Asia, regional head Shelly Painter points to the opaqueness of commission-based sales structures and calls for more disclosure.
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After pondering for some time about how to reach retail investors in Asia, Vanguard has had its first Hong Kong-domiciled exchange-traded fund approved.
Bill McNabb, global CEO of $2.2 trillion Vanguard, says tactical elements in multi-asset products “make me nervous”.