But as asset owners outsource their swelling portfolios more in the coming years, they will drive harder bargains with external fund managers, says consultancy Spence Johnson.
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Foreign fund managers must improve local operations in China and Southeast Asia to benefit from rising institutional asset outsourcing over the next decade, said Spence Johnson.
EFG's SE Asia head resigns; Neuberger Berman in sales shuffle; Spence Johnson hires first Asia head; Credit Suisse boosts AES team; Northern Trust adds Pune operation; Latham & Watkins builds in HK, to open in Seoul; Iosco opening Asia branch; SS&C replaces Malaysia chief.