Published by Financial Standard AU – 21 November 2016
BlackRock Australia has merged its institutional and retail distribution teams and made senior hires from Vanguard, FIIG Securities, Rothschild and BT Financial Group.
Asset manager PineBridge Investments has created a new role of Chief Operating Officer for Asia. This announcement follows a series of appointments as the firm continues to grow its team and operations in Asia.
Taking up the position and based in Hong Kong will be Jennifer Theunissen. She will report to Global Chief Operating Officer, Julian Sluyters and Asia Chief Executive Officer, Rajeev Mittal,the firm said in a statement to finews.asia.
Point 72 Asset Management, the family office managing the assets of its founder, Steven A. Cohen, and eligible employees, has recently doubled its capacity in Singapore.
Point 72 Asset Management moved into a new 8,880 square foot space that can seat up to 60 employees, doubling the capacity of the Firm’s previous Singapore office.
As an internationally positioned private bank and specialist in asset management services in Switzerland and in Asia’s major hubs, the business model is key to VP Bank’s success.
With 60 years of experience, the business model of VP Bank is based on two strategic pillars: private banking and intermediaries. VP Bank is positioned as a boutique bank for both target groups – with top-notch solutions and services.
Fullerton Fund Management Co., the Singapore-based asset manager backed by Temasek Holdings Pte, said Chief Executive Officer Manraj Sekhon has left the firm.
The decision was announced by the Fullerton board on Nov. 8 and is with immediate effect, the investment firm said Wednesday in an e-mailed response to Bloomberg queries. Sekhon, who also served as chief investment officer, had been in his role for more than five years. Fullerton Chairman Ho Tian Yee will assume Sekhon’s responsibilities in the interim, according to the statement.
Fidelity head of UK retail sales Ben Waterhouse is to move to South East Asia to lead the firm’s sales efforts in the region, with retail sales director Russell Lancaster and head of UK wholesale John Clougherty taking on his responsibilities.
Mr Waterhouse joined Fidelity in 2010 from Legal & General Investment Management and will now become head of wholesale business for South East Asia and the Middle East as well as country head for Singapore.
JP Morgan Asset Management, RED Capital Asia, Barings Real Estate Advisers, Aberdeen Asset Management, ADIA, Newcore, Pastor Real Estate, Genesta, Leimdörfer, Avignon Capital, Savills, JLL.
JP Morgan Asset Management – Kenneth Tsang has joined the global real assets arm as managing director and head of research and strategy for Asia Pacific. Tsang, who will be based in Hong Kong, was previously a managing director at RED Capital Asia. Earlier in his career, he was head of Asia-Pacific research and strategy at LaSalle Investment Management and has also worked for Sanford Bernstein, ING REIM (now CBRE Global Investors) and JLL.
Published by China Money Network – 25th October 2016
Chinese wealth management firm Noah Holdings Ltd said Sequoia Capital China has agreed to make a RMB348 million (US$51.7 million) strategic investment in Noah’s asset management subsidiary, Gopher Asset Management Co., Ltd.
In the transaction, Sequoia Capital China, an existing shareholder of Noah, will acquire an undisclosed stake – less than 10% according to someone familiar with the situation – in an entity that will hold all equity interests of Gopher, which holds all of Noah’s wealth and asset management assets totaling RMB101.2 billion (US$15 billion) as of June 30, 2016.
Fidelity International has promoted Daisy Ho to a newly-created role of managing director for Asia ex-Japan.
The aim is to integrate the institutional, intermediary and defined contribution business channels under her leadership.
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