Schroders hires PM from HSBC Global AM; Franklin Templeton names new fixed income CIO; BNY Mellon creates chief economist role; Hong Kong’s private wealth AUM to double by 2023; Willis Towers Watson and MSCI co-develop ESG strategy; MAS introduces new corporate structure for funds; and more…
Mary Lee has joined Bank J Safra Sarasin’s ultra-high-net-worth team as managing director for client advisory, based in Singapore.
In addition to the new offices, the firm poached an exec from BNY Mellon Investment Management for a newly-created Hong Kong-based role.
US-listed Noah Holdings reported double-digit net revenue growth during the first half, but noted that investors are increasingly moving to the sidelines due to market volatility.
Targeting young clients, OCBC Bank has partnered with a local fintech firm to launch an automated investment platform in Singapore offering thematic and passive portfolios.
SEA Asset, which recently received a full capital markets services (CMS) licence from MAS, sees new investor interest from family offices, according to Alex Zeeh, the firm’s Singapore-based CEO.
The Singapore-focused equity income product would be the second ETF launched in the Lion City this year, according to data from the Singapore Exchange.
Mercer will be up against Morningstar and FE as it brings fund research and ratings previously only available to institutional clients to the general public in Asia.
The agreement comes after Lombard Odier established other strategic partnerships with banks in the Philippines, Thailand and Indonesia.
Some equities were trimmed from the JP Morgan mixed-asset fund because the average valuation reached the upper-end of the firm’s projection, said Julie Ho, co-manager of the firm’s Asia-Pacific Income Fund.
Part of the Mark Allen Group.
