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1 week ago | 
citywire.com | Cheryl Heng |Ian Heath |James Phillipps
BlackRock has overhauled its global emerging markets division and split it into two distinct teams, our sister title Citywire Selector has learnt.
The changes include the recruitment of two senior investors in Asia and the repositioning of certain portfolio managers, team leaders and strategies.
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1 week ago | 
citywire.com | Cheryl Heng |Tania Mitra |James Phillipps
Hamilton Lane’s co-head of evergreen portfolio management, Steve Brennan, thinks that model portfolios will become a crucial part of alternatives adoption in the wealth channel.
Advisors have increasingly been utilising model portfolios to outsource investment management decisions, and as asset managers continue to expand their alts capabilities for wealth investors, getting their products into the models will propel growth.
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1 week ago | 
citywire.com | James Phillipps |Serge Debrebant |Cheryl Heng
Stephan Kemper heads product selection at BNP Paribas Wealth Management Private Banking in Germany, a private banking advisory firm. In this interview, he explained how the eurozone’s largest bank selects funds, when he uses exchange-traded funds (ETFs), and which Asian markets he is currently leaning towards.
We have global lists and product specialists for each country who filter the best possible selection for the local market from the global lists – I am one of them.
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1 week ago | 
citywire.com | James Phillipps
Fund managers fear a backlash from private banks over the growing amount of direct business they are writing with the region’s single-family offices.
Private banks have long dominated wealth distribution in Singapore and Hong Kong, but the explosion in family office numbers has created a vast new pool of money investment houses want to tap.
The financial clout of many family offices enables them to approach fund firms direct and negotiate on fees.
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1 week ago | 
citywire.com | James Phillipps |Eva Thomas |Cheryl Heng
Blackstone, Wellington Management and Vanguard revealed on Tuesday that the firms are working together to create multi-asset products that integrate public and private markets in both active and index strategies.
‘We believe the unique combination of our investment expertise and well-respected brands will enable us to provide investors with comprehensive asset-class exposure in easy-to-access investment solutions,’ said Jean M. Hynes, CEO of Wellington Management.
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1 week ago | 
citywire.com | James Phillipps |Tania Mitra |Cheryl Heng
Matthews Asia is once again facing personnel changes, this time at the top.
The company’s CEO, Cooper Abbott, left the firm on 7 April. He has been replaced by Mark Headley, Matthews Asia’s co-founder and ex-CEO. Headley assumed all CEO responsibilities on 8 April and will serve as interim CEO. He has also been named executive chairman of the company.
Abbott became CEO in 2022, joining from Carillon Tower Advisors, where he worked as president and chairman.
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1 week ago | 
citywire.com | James Phillipps |Cheryl Heng
UBS Global Wealth Management is intensifying its pivot toward discretionary portfolio management, amid a 18% growth in managed assets last year, according to Adrian Zuercher (pictured), co-head global investment management APAC, UBS Chief Investment Office.
In 2024, the UBS managed solutions platform recorded a 25% growth in assets under management (AUM).
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1 week ago | 
citywire.com | James Phillipps
T Rowe Price has launched its Frontiers Market Equity fund for the Singapore retail market, Citywire Asia has learnt.
The $1.6tn US money manager said the fund provides equity diversification for investors and the opportunity to tap into ‘good quality and undiscovered companies’.
Diversification has been a watchword in recent weeks after US president Donald Trump’s unpredictable and fast-changing tariff policies upended global markets. Already have an account?
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1 week ago | 
citywire.com | Cheryl Heng |James Phillipps
Asian stocks were a mixed bag, with Japan and Korea paring losses but closing down, while Greater China markets defied concerns around the escalating trade war to end the week on a high.
Japan’s Topix closed down just under 3%, after sinking more than 5% in early trading, Korea’s Kospi recovered to a 0.5% loss, from 2% in the morning.
The Hang Seng defied the gloom to close up 1.1%, with the CSI 300 and Taiwan’s Taiex gaining 0.4% and 2.8%, respectively Already have an account?
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1 week ago | 
citywire.com | John Schaffer |Cheryl Heng |James Phillipps
Nomura International Wealth Management (IWM)’s head of North Asia has departed from the bank, according to an internal memo seen by Citywire Asia.
Rudolf Hitsch is no longer with the bank, after joining in April 2023. He is based in Hong Kong, where he oversaw client relationship management teams covering North Asia.
Following Hitsch’s departure, Nomura announced a few changes to reporting lines, the memo said. Already have an account?
