After nearly six years of planning, the Asia Regional Fund Passporting (ARFP) scheme is expected to launch next month, but the excitement over it has waned.
Published by Asia Asset Management – 29th Jan 2019
Two top executives at Eastspring Investment, the Asian asset management arm of UK’s Prudential plc, have resigned as a new chief executive officer (CEO) prepares to take the helm of the Singapore-based company.
Published by Asia Asset Management – 29th Jan 2019
Principal also named Pedro Borda as senior vice president and chief operating officer (COO) of its investment subsidiary, Principal International. He replaces Renee Schaff, who will become president of Principal Retirement and Income Solutions, the company’s pension unit, in March.
Columbia Threadneedle Investments has promoted head of distribution, Asia Pacific, Jon Allen, to regional head of the Asia Pacific, where he would oversee the firm’s regional presence and teams.
AMP Capital has established a dedicated global direct investments team for large institutional investors to help them gain access to infrastructure through direct equity investment.
AMP Limited has braced the market for a profit of just $30 million, in an update released to the Australian Securities Exchange (ASX) today, including an additional $200 million in advice remediation.
Mainland pension fund developments and Shanghai’s role as the third regional asset management hub should drive a doubling of AUM in the region by 2025, says PWC.
Eastspring Investments chief executive officer Guy Strapp will leave the Singapore-based firm along with chief financial officer Ted Pull and chief operating officer Phil Stockwell.
Franklin Templeton Australia has announced the appointment of Manuel (Manny) Damianakis to the role of Head of Retail for the Australian market. Based in Sydney, Mr. Damianakis will be responsible for driving the firm’s retail strategy, focusing on the delivery of Franklin Templeton’s extensive range of investment capabilities to Financial Advisers in Australia and New Zealand. Reporting into Matthew Harrison, Managing Director for Franklin Templeton Australia, Mr. Damianakis will play a pivotal part in evolving the firm’s retail strategy and positioning for continued growth. He will also be a key member of the Australian executive team.
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