KPMG has appointed Neil Macdonald to the newly created role of managing director in its asset management practice, where he will be responsible for developing a number of the firm’s major global accounts.
Published by Asia Asset Management – 4th Aug 2017
The asset management industry is still an old boy’s club. Just 1.1% of the US$71.4 trillion of assets under management in the US is managed by women or minorities in the country, according to a study from Harvard Business School and Bella Research Group published in May.
Countries in the Asia Regional Fund Passport (ARFP) scheme are working on the legislation and regulations in their respective markets and have targeted 2018 for the launch, according to ARFP’s first annual report.