The top line numbers reported by HSBC in its 2017 interim report were healthy especially in Asia, however its wealth management business failed to keep pace.
Opalesque Industry Update – Institutional investors based in Asia-Pacific have allocated more capital to hedge funds in recent years, reaching a record $202bn as of the end of 2016, up from $180bn a year earlier, according to research house Preqin. This is at odds with allocation trends in North America and Europe, which in 2016 saw a greater proportion of investors indicate they were seeking to draw back from hedge funds than were looking to increase their investments.
The firm plans to relocate its fixed income staff from Singapore as it ramps up its focus on China, but the team head will depart. It is also seeking an EM debt head for Hong Kong.
HONG KONG & NEW YORK–(Business Wire)–Nuveen, a TIAA company and leading global investment manager, has opened a Hong Kong office and expanded its distribution capabilities to better serve clients across the Asia-Pacific region and broaden access to the firm’s platform of specialized investment expertise.
Published by Asia Asset Management – 26th July 2017
Morningstar has acquired a 40% stake in Sustainalytics, a global provider of environment, social and governance (ESG) research and ratings, as it looks to ramp up its long-term sustainability strategy and bolster its ability to provide ESG products and services to the global investment community.
Julius Baer (BAER.S) could grow its assets under management by more than 40 percent in the coming decade to over 500 billion Swiss francs (405.11 billion pounds), Chief Executive Boris Collardi said on Monday.
The private banking business in Asia is firing on all pistons, and increasingly, Singapore’s champions DBS and OCBC are among the shakers and movers, not just the Swiss giants.
The quality growth boutique was long the locomotive of Vontobel’s asset management arm. The franchise is now beefing up its research capabilities in Hong Kong.
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