Takumi Shibata‚ who less than two years ago stepped down as COO of Nomura after the Japanese bank was embroiled in an insider trading scandal‚ has been appointed chief executive of Nikko Asset Management.

Takumi Shibata‚ who less than two years ago stepped down as COO of Nomura after the Japanese bank was embroiled in an insider trading scandal‚ has been appointed chief executive of Nikko Asset Management.
Former F&C Asian Alpha Fund manager Mike Sell has joined Alquity Investment Management to head up its Asia division as the company looks to broaden its fund range this year.
BlackRock has appointed Oisin Crawley as head of research for the firm’s Asian fundamental equity team.
Mercer Investments has appointed Adeline Tan as head of investment advisory in Hong Kong.
Lim Kee Yap has joined Principal Global Investors in Singapore as director and head of institutional sales South and Southeast Asia as the company expands its Asia team.
Manulife (International) has launched a pension scheme for workers in Macau.
Singapore should consider revamping the way its investment fund laws are structured‚ to permit different asset management industry sectors to offer more variety and thus cater to a brader range of clients‚ a new PwC white paper says.
Standard Life Investments has set up a new office in Hong Kong as part of its on-going Asian expansion plan and in order to make the region its Asia Pacific hub.
Asset managers in Singapore are highly receptive to plans for a new investment fund framework, with about 90% preferring an open-ended investment company structure, according to a PwC survey.
The Financial Services Development Council of Hong Kong has published proposals to broaden the fund structures permitted in the territory, including open-ended investment companies, in a bid to attract more funds to domicile locally.
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