HSBC AM’s new Apac CEO; Citi PB poaches Malaysia MD; Julius Baer re-hires veteran; Fidelity promotes PB lead; FSI elevates sales executives; M&G adds to distribution team; PGIM Real Estate appoints China head; Ex-Goldman Sachs MD advises Stashaway; Eurizon builds in Asia; New Malaysia head at Nomura AM.
Schroders’ Apac boss; EFG poaches; ChinaAMC’s ETF head; Nomura spends; Raffles FO in Beijing; JPMAM has new Oz chief.
Former SC banker re-surfaces; State Street hires from Deutsche; Indosuez WM adds in Hong Kong; Nomura gets Greater China head; SC lures HSBC RM.
The Japanese asset manager also manages a QDLP product in the mainland.
The deal will help the Swiss firm access more local high net worth clients.
Japan’s Nomura intends to expand its newly-revived private equity business to Asia, three years after it was dissolved in the face of tightening financial regulations.
JP Morgan, Schroders, UBS, Castlestone, Kotak, SLI — these firms had funds among the best and the worst performers over the last three years. FSA runs the data on funds available to Hong Kong and Singapore investors.
There’s room for active asset management and personal financial advice, despite the growth of passive and robo-advisors, according to panelists at Fund Forum Asia 2017 in Hong Kong.
As soon as a fund’s portfolio reaches 40 stocks, the benefits of portfolio diversification diminish. Therefore, fund managers should strive to have no more than 40 holdings. That’s the conclusion of a study conducted by Nomura Asset Management.
The Hong Kong Securities and Futures Commission has banned Masashi Yonezawa, a former trader at Nomura Hong Kong, for “deliberate and dishonest” conduct.
Part of the Mark Allen Group.
