The sudden departure is announced shortly after Fidelity had been approved to set up a mutual fund unit in China.

The sudden departure is announced shortly after Fidelity had been approved to set up a mutual fund unit in China.
Citi exit; CSOP driving; Dickens and tech; PGIM’s ambitions; Fidelity’s Bitcoin faith; Doing nothing for most of the time; Pension prosperity; Nicole Kidman and much more.
PGIM snaps up GSAM Asia veteran; DBWM boosts Southeast Asia team; RBS GAM adds client coverage; Julius Baer lures UOB banker; CS hires two PBs in Southeast Asia; State Street makes senior appointments; ASI adds to Apac sales team; Fidelity continues sustainable investing build-out.
Fidelity hires; SonicShares’s boat; ESG and active; S&P 500’s winning run; M&G on China; HKEX and identities; AMC tickets vs shares; Bitcoin uses; and much more.
The US asset manager is the second firm allowed to access the country’s retail investor market.
Blackrock on China; JP Morgan’s private Bitcoin; State Street shuns Americans; SPAC madness; Howard Marks’s warnings; Making predictions; Advertising from Fidelity and Lion Global; and much more.
The market cap of offshore tech sector has plunged 30% since regulatory scrutiny was stepped up.
The US asset manager has also set other ESG objectives, according to its latest corporate sustainability report.
This week FSA presents a quick comparison of two US dollar fixed income products: the Fidelity US Dollar Bond Fund and the Pimco GIS Total Return Bond Fund.
Indosuez poaches from HSBC; DWS hires Apac client head; UBS vet joins HSBC; Schroders’ sustainable future; CS hires more; Citi strengthens family office business; BNY Mellon has Southeast Asia intermediary head; JPMAM’s data science leader; Fidelity’s changes in Japan.
Part of the Mark Allen Group.