Northern Trust Asset Management has promoted internally to replace Bo Kratz, who left late last year. The new chief will look to expand the firm's investment-outsourcing business in Asia.
So long as that GDP growth is cleaner and greener due to China's push to reduce corruption and pollution, said Wayne Bowers, the firm's CEO of Emea and Asia Pacific.
The firm promotes Hidehiro Nakayama as institutions continue to seek liquidity and transparency. Its portfolio management and trading build-out is 80% complete.
The social benefits of state investment agencies will be a major driver behind the establishment of new SWFs or existing ones growing in size, argue Kevin Hardy and Wayne Bowers.