From the press release desk this week…
Salaries
Marketing directors with around 15 years of working experience in banking and finance earn more than those in other industries, according to a report by executive search firm Ambition. Banking and finance marketing directors earn around HK$1.4m-HK$2m+ ($180,000-$250,000) annually, while those working in fast moving consumer goods earn HK$840,000-HK$1.3m, HK$800,00-HK$1.2 for IT and telecommunications and HK$1m-HK$1.5m for media companies…
People moves
Schroders has appointed Shan Kun as fund manager for Asia fixed income. In this newly-created role, Shan will be based in the firm’s wholly foreign owned enterprise (WFOE) in Shanghai. He will focus on onshore Chinese government and policy bank bonds and will report functionally to Julia Ho, head of Asian macro and Asian fixed income and locally to Elaine Zhang, general manager at Schroders Shanghai. Before Schroders, Shan was BNP Paribas China’s head of local markets strategy for China, responsible for thematic coverage of China macro and specialising in Chinese credit…
Aviva Investors has appointed Tom Clapham in the newly-created role of Asia head of institutional sales. Based in Singapore, he will be responsible for driving the firm’s growth in the institutional segment in the region and will report to Scott Callander, head of client solutions for Asia-Pacific and Middle East. Callander previously oversaw institutional sales in Asia before the appointment. With Clapham on board, Callander will oversee the overall business development strategy in Asia-pacific and the Middle East. Before Aviva Investors, Clapham was Axa Investment Managers’ head of sovereign wealth funds and central banks for Asia and institutional sales, and head of consultant relations…
Asset classes
Emerging markets in Asia are the countries most exposed to immediate damage caused by a trade war, Craig Botham, emerging markets economist at Schroders, said in a research note. Relatively closed economies such as Brazil and India should be more insulated than other economies in the event of a broader global trade war…
Source: Schroders
Around 72% of 108 institutional investor surveyed by NN Investment Partners indicated that they will raise their exposure to emerging market debt over the next 12 months. Three out of four investors expect fundamental credit conditions in the asset class to improve over the next two-to-three years, including nearly 18% who expect a significant improvement…
ESG
Ostrum Asset Management, an affiliate of Natixis Investment Managers, will be excluding tobacco-related investments from its socially responsible investment (SRI) funds and from all of its open-end mainstream funds. The firm will also ask clients to apply this policy to their dedicated mandates. This makes the firm comply with recommendations from the United Nations Principles for Responsible Investment, in which Ostrum AM has been a signatory since 2008…
Regulation
The China Securities Regulatory Commission has issued new rules governing the distribution of research reports issued by SFC-licenced corporations through mainland securities companies. The rules enable mainland investors and funds, who participate in the Hong Kong capital market, to have better access to research reports and advice on those Hong Kong-listed companies, which can be traded by them through the Stock Connect. At the same time, eligible SFC-licenced corporations will have more opportunities to provide securities advisory services to mainland investors and fund managers…
