Lombard Odier has made Vincent Magnenat a limited partner, which involves duties in addition to his position as Asia CEO and Asia head of private banking.
Author Archives: Francis Nikolai Acosta
Francis is editor for Fund Selector Asia, covering the asset and wealth management industry in Asia. He joined Last Word Media in November 2016 as a senior journalist and became deputy editor in 2019. Previously, he was a reporter at Ignites Asia, A Financial Times service, also covering the region's asset management industry. He has a Master's degree in journalism from The University of Hong Kong.
Allianz GI eyes onshore fund entry
Allianz Global Investors is considering applying for a private fund licence in China, following several other global asset managers who have launched onshore products, according to Desmond Ng, Hong Kong-based head of Asia-Pacific.
Citi PB appoints Proctor in new role
As part of Citi Private Bank’s new organisational structure, Adam Proctor has been reassigned to head the newly-created position of Singapore-based global market manager for Singapore, Australia and New Zealand, effective immediately, according to a statement from the firm.
In case you missed it (2 February 2018)
Ex-Fullerton CEO reappears at Franklin Templeton; BNPP AM creates APAC chief marketing role; Robeco hires Blackrock’s APAC head of PB and wealth distribution; US-based Metlife receives AM licence in Hong Kong, while Barings Investment Advisers loses it; “millennial fund investors not unique”, warns Cerulli; and more…
Aberdeen Standard nearly doubles RQFII quota
China indeed seems to be the big bet this year as Aberdeen Standard Investments receives additional RQFII quota in January to become one of the biggest RQFII quota holders, according to records from China’s State Administration for Foreign Exchange.
Global heavyweights quietly setting up in China
Seven of the world’s ten biggest asset managers have entered mainland China so far, by setting up an investment management wholly foreign owned enterprise (IM WFOE), according to a report by Shanghai-based Z-Ben Advisors.
Pictet: Regulation a big driver of IT security
Data protection regulations, particularly in Europe, are expected to provide a boost to IT security company earnings, according to Yves Kramer, London-based senior investment manager for thematic equities at Pictet Asset Management.
UBS acquires Nordea’s private banking business
Private bank consolidation continues as UBS announces plans to acquire Nordea’s Luxembourg-based private banking business, which includes offices in Singapore and Switzerland.
APAC fund assets forecast: Up 75% in four years
Total mutual fund and ETF assets in Asia-Pacific passed the $3trn mark in 2017 and are expected to hit $5.2trn by 2021, according to a Broadridge Financial Solutions report.
GAM: Alts demand to continue in 2018
Alternatives, particularly infrastructure investments, are expected to see continued demand from professional investors, according to industry sources speaking at the recent Association of Luxembourg Fund Industry (ALFI) roadshow.
