STORIES YOU MAY HAVE MISSED THIS WEEK
People moves
BNP Paribas Asset Management has appointed David Choa as head of Greater China equities. Based in Hong Kong, Choa will report to Frédéric Surry, deputy head of fundamental active equities. Choa will be managing a team of four investment professionals and analysts based out of Hong Kong and Shanghai. Choa replaces Caroline Maurer, who is leaving the firm next month to pursue external opportunities, a BNPP AM spokesman said…
Principal Global Investors (PGI) has appointed Lesley Lo as managing director and head of institutional sales for North Asia to lead the firm’s North Asian institutional sales team. Lo was at Metlife Investment Management, where she led the team to expand existing institutional client and consultant relationships. Before that, she spent nearly 11 years at BNP Paribas Asset Management, where she held various management, senior regional business development and client services roles. In North Asia, PGI manages at least $13bn of institutional and retail client assets across real estate, global equities and fixed income…
Business moves
DBS and Schroders in Singapore have co-launched the Schroder Asia More+ fund, a multi-asset product that offers investors a solution that generates income stream and provides exposure to a range of investment growth themes across Asia, including technology, consumption, logistics and financial services. The fund is managed by Schroders and exclusively distributed by DBS. The fund is available in three share classes, which include an accumulation share class, a distribution share class (with a regular income stream of 5% per annum) and a decumulation share class (with intended payouts of 6.88% per annum)…
Allianz has partnered with The National Pension Service of Korea to establish a $2.3bn investment platform to build a diversified core portfolio of high-quality properties in Asia-Pacific. The platform will be in the form of a new Singapore-domiciled, closed-end fund called Allianz Real Estate Asia-Pacific Core I. NPS and Allianz will be 50:50 investors, while Allianz Real Estate will serve as the investment manager and general partner of the venture.
Schroders has reached an agreement to acquire a majority stake in Pamfleet, a real estate investment manager with offices in Hong Kong, Shanghai and Singapore, according to a statement from Schroders. Pamfleet has $1.1bn of AUM across four funds, the most recent of which closed last year at $450m. Following the acquisition, the entire Pamfleet team of 19 professionals will remain with the organisation, which will be renamed Schroder Pamfleet. There will be no changes to the management of the existing Pamfleet funds, and the investment team will have access to the broader investment capabilities and distribution network of the wider Schroders business…
