Hermes Fund Managers has appointed Jakob Nilsson as director of business development for Asia.
Category: Business moves

State Street sets up office in Shanghai
State Street Corporation has set up an office in Shanghai to provide alternative investment servicing solutions to its hedge fund clients.
Haitong Securities sets up co in Singapore
Haitong International Securities Group has established its first company in Singapore aiming to tap the demand for Renminbi-denominated products.

East Capital latest in China A Shares rush
Emerging markets specialist East Capital has launched the Luxembourg registered China A-Shares Fund, to be managed out of its Stockholm HQ and Hong Kong.
Fullerton Fund Management opens in Japan
Fullerton Fund Management a wholly owned subsidiary of Singapore state investor Temasek Holdings has opened its first office in Japan.
Standard Life Investments sets up new office in HK
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.
Nordea AM establishes Singapore sales team
Nordea Asset management has established its first distribution team in Singapore.
Macquarie buys ING Investment Management Korea
Macquarie Investment Management‚ part of Macquarie Funds Group‚ has completed the acquisition of ING Investment Management Korea from ING Group.

BNY Mellon separately managed account busi Singapore
BNY Mellon, which recently received a capital market services licence from the Singaporean regulator, has expanded its separately managed account business in the city-state.
Citibank in pact with Cimb principal in Malaysia
Citibank (M) Berhad has entered into an agreement with CIMB-Principal Asset Management Malaysia‚ becoming the first foreign bank in the country to distribute private retirement scheme solutions.