Capital Group announces Asia hires, as reported by Spy; StanChart PB poaches from DBS and BOS; Principal gains full ownership of India JV; Hong Konger operates unlicensed AM business, so did a Singaporean; and more…
Operations in Taiwan and Korea, increasing its stake in its China joint venture and launching more products across Asia are among the firm’s aspirations in the region, according to the firm’s executives.
CIMB Group plans to sell partial stakes in its asset management subsidiaries to joint venture partner Principal Financial Group, according to CIMB’s filing with Bursa Malaysia.
JP Morgan’s Hong Kong-domiciled mutual funds attracted the most net new assets in the third quarter of 2017, Morningstar fund flow data shows.
Principal Financial Group creates head of Asia ex-Japan role; Nikko Asset Management makes senior personnel changes; Value Partners reduces management fees for its gold ETF; Société Générale launches daily leverage certificates in Singapore; MSCI rolls out two ESG indices; and more…
Rex Auyeung, who will retire as Principal Financial Group’s Asia chairman in June, believes a corporate culture match is key to his firm’s long joint venture with mainland powerhouse bank CCB.
The firm aims to get its funds on the shelves of key private bank distributors for the wholesale segment, and it has made key senior hires this year to drive efforts.
Principal Financial Group and CCB expect to launch two southbound funds through the Mutual Recognition of Funds scheme this month.