Capital Group CEO sees mid-sized asset managers getting ‘hollowed out’
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
People Moves
-
BNY Mellon AM poaches ING Japanese equity team
BNY Mellon Asset Management Japan has hired a six-strong Japanese equities team from ING Investment Management.
-
Credit Suisse names Neumann to succeed Ng
Credit Suisse has named Wolfgang Neumann to succeed Chuck Ng as head of external asset managers (EAM) in the Asia Pacific region, based in Singapore.
-
Old Mutual Wealth beefs up Asian op
Carol Wong has been named as Old Mutual Global Investors’ new head of distribution for Asia and is one of a trio of senior Hong Kong-based appointments aimed at expanding the asset manager’s and sister company Skandia International’s offshore businesses.
-
RBC Gam hires HK based head of Asian equities
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has poached JP Morgan Asset Management’s Mayur Nallamala as a senior portfolio manager and head of Asian equities.
-
BNY Mellon hires Credit Suisse Alex Buerge
BNY Mellon has appointed Credit Suisse’s Alex Buerge as head of investments and managing director for it’s new separately managed accounts business, which is likely to be launched by year-end.
-
Rhenman departs East Capital and relocates to HK
Gustav Rhenman is to leave East Capital, the Stockholm-based asset manager, at the end of the month, while Karine Hirn, a partner and co-founder East Capital, has relocated to Hong Kong.
-
Natixis hires HK wholesale distribution head
Natixis Global Asset Management has appointed Davy Yuen as director, head of wholesale distribution in Hong Kong.
-
Matthews Asia hires VP business development
Matthews Asia has appointed Tina Tong as vice president, Asia business development for supporting the firm’s business development and client service activities in Asia, focusing on private banks, insurers and financial advisers.
-
Asia Frontier adds to HK team post MBO
Asia Frontier Capital has made two appointments for its Hong Kong office. It has appointed Ruchir Desai as senior investment analyst and Stephen Friel as marketing director.
-
BNP Paribas IP names senior hires for Asia Pacific
BNP Paribas Investment Partners has appointed Ligia Torres as head of Asia-Pacific and emerging markets and Vincent Camerlynck as chief executive for Asia Pacific.
-
BNP Paribas names Chan HK distribution head
BNP Paribas Investment Partners has appointed Kylie Chan as the head of distribution for Hong Kong and China in place of Carol Wong who has left the firm to pursue other career opportunities.
-
Morningstar Asia appoints fund research director
Morningstar Asia has appointed Wing Chan as director of fund research. Chan oversees Morningstar Asia’s qualitative fund research in Hong Kong, Singapore, Malaysia, and Taiwan.
-
Standard Life names Asia head of wholesale
Standard Life Investments has appointed Virginia Devereux Wong as its head of institutional wholesale business in Asia.