Amundi has named a deputy CEO for Hong Kong and head of distribution for China and Hong Kong, and a head of institutional business for Korea, the firm said in a statement on Wednesday. The asset manager has appointed Marco Tang as its deputy chief executive officer of Amundi Hong Kong and head of distribution, China and Hong Kong. Effective […]

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While banks have been fighting for talent in the private banking space, asset managers faced a different set of recruitment challenges in 2023. In the past year, the performance of many funds has been under pressure and companies were frustrated with challenged markets, veteran private bank headhunter Arnaldo Oliveira, founder and CEO of Orion Executive Search International, who has been […]

The post The biggest Hong Kong, Singapore asset management hires of 2023 appeared first on Asian Private Banker.

European asset manager Amundi has appointed a new Asia CEO. Eddy Wong started his role as Asia CEO on 6 November, while also becoming a member of the firm’s executive committee. Wong will lead Amundi’s operations in North & South Asia as well as its joint ventures in mainland China in his new role. Before Amundi, Wong spent many years […]

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In the wake of Credit Suisse’s forced merger with UBS, the market has turned its attention to German lender Deutsche Bank. Although current events do not yet herald the arrival of the next financial crisis, Harmen Overdijk, CIO of Leo Wealth, believes the current confidence crisis cannot be neglected. Confidence crisis Overdijk explained how the lending model used by large […]

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Chinese banks and wealth managers could struggle to take advantage of capital flowing into Asia amid the volatile events in Europe and the US, including the Credit Suisse-UBS merger, according to industry insiders speaking to Asian Private Banker. Meanwhile, questions now surround Credit Suisse’s onshore China venture, as foreign bank’s onshore operations could now face greater scrutiny. Recent events at […]

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Digital wealth manager Endowus will partner with Amundi’s alternatives business to provide its HNW clients with access to strategies by US-based Bridgewater Associates, the world’s biggest hedge fund. The partnership, announced on Tuesday, will expand Endowus’s alternative investment offerings for accredited investors in Singapore and Hong Kong. The news marks the latest development in Endowus’s expansion of its product platform. Over […]

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This is a sponsored article from Amundi ETF. For years, fixed income trailed equities in environmental, social and governance (ESG) investing. But things have been changing fast. As demand for ESG bonds has soared, so has the choice of efficient passive ESG fixed income solutions. Fixed income catching up fast in ESG The first bond ESG index was launched in […]

The post Fixed income is gaining ground in ESG with rapid growth in AUM of ETFs appeared first on Asian Private Banker.

Despite a global economic slowdown, asset managers believe Asian countries should see a much-delayed and needed recovery in 2023 following three years of disruption caused by the COVID-19 pandemic. Geopolitical risks and US interest rate hikes have led them to focus on opportunities in Asia. Amundi: EM equities and ESG themes  According to Amundi, investors should focus on equities in […]

The post What are Asia’s best 2023 investment opportunities? Asset managers have their say appeared first on Asian Private Banker.

A year after obtaining its licences in Hong Kong, Saxo Capital Markets (Saxo Markets) is ready to expand in the city by launching asset and wealth management products for mass affluent investors next year, according to Adam Reynolds, Asia Pacific CEO. The company has already launched a new product to help wealth managers better support their clients. Saxo Markets provides […]

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As global growth conditions remain challenged by higher inflation, elevated volatility, and shrinking global liquidity, two fund giants reveal their investment hotspots with a focus on equity income and real assets. In equity investing, value, quality and dividends should be a good mix because dividends represent a stable component of returns when inflation is high, according to Amundi. Equities can […]

The post Equities. Bonds. Real assets: Amundi, Eastspring reveal 2H22 investment calls appeared first on Asian Private Banker.

Goldman Sachs’ private wealth clients who dialled into a recent call on the Ukraine crisis expected dry econometric analyses of risks and opportunities. Instead, they got something closer to John le Carré. Hosting the call was Sir Alex Younger, a Goldman consultant who used to be a British intelligence chief. “Hindsight is a wonderful thing,” he told BBC News on […]

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The conflict between Russia and Ukraine and its economic fall-out have rocked capital markets around the global and could have a significant impact on the portfolios of private bank clients. Among the most affected asset classes, at least in the short-term, are commodities including oil and gas, as well as European and emerging markets (EM). While some market participants are […]

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Looking ahead to China in 2022, many wealth managers could not help but hold their breath. Between slowing global demand, rising inflation and the Omicron coronavirus variant doing its worst, the pragmatic take seems to be caution — or even reducing exposure to Asia’s largest economy. Yet three recent events could make China a surprise bright spot for private bank […]

The post China’s pivot from zero-COVID could be a ‘buy’ signal for private banks appeared first on Asian Private Banker.

French asset manager Amundi has announced two senior appointments in South Asia, aimed at supporting its regional growth. Dennis Ng has been named head of distribution sales, Singapore, effective 1 November 2021. He has over 15 years of experience in the financial industry across different markets in Asia, and was most recently executive director at J.P. Morgan Asset Management. He […]

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French asset manager Amundi has announced the appointment of its new CEO in South Asia. Albert Tse will succeed Eric Bramoullé, who has been appointed as head of marketing & products and a member of Amundi’s executive committee. Both appointments will take effect from 1 November. Tse was most recently head of distribution sales and marketing for Amundi in South Asia, a […]

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Amundi’s Fund Channel has added fund-dealing capabilities to its offering to client asset managers and fund distributors. In addition, Fund Channel — a B2B fund distribution platform operating across Europe and Asia — has announced the appointment of a head of the Fund Dealing Team. The platform’s core distribution and data offering has been extended to include order-routing, execution and […]

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This week: Goldman Sachs Asset Management: Bottom-up stock picking works better over time for emerging markets; Amundi: Stay neutral on risk assets and hold on to hedges; UBS Global Wealth Management advises against bottom-fishing in China equity; Bank of Singapore: US fiscal development to be key market drivers Goldman Sachs Asset Management: Bottom-up stock picking works better over time for […]

The post CIO Weekly – Bottom-up stock picking works better over time for EM: Hiren Dasani of Goldman Sachs AM appeared first on Asian Private Banker.

2H21 will not be smooth sailing for China’s economy, which may struggle to meet Beijing’s growth expectation. The declining growth momentum may weaken the argument of a growth-to-value rotation in the onshore equity market. On the other hand, foreign investors’ participation rate in China’s market looks set to rise, on the back of an extensive RMB rally and favourable national […]

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China’s regulator last Thursday released interim measures for the sale of wealth management products (WMPs) by wealth management companies (WMCs). It specified that WMCs refer to wealth management subsidiaries of commercial banks and other approved WMCs, including wealth management joint ventures (JVs) with a majority foreign ownership. “Although JVs with a majority foreign ownership structure have been regulated all along, […]

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Amundi said it has entered exclusive negotiations with Société Générale to acquire its asset management subsidiary Lyxor in an €825 million (US$980 million) deal. The move will create a combined AUM of €142 billion for the European asset manager’s ETF business. Benefiting from Lyxor’s leading position in the ETF business — €77 billion AUM and the third-largest ETF player in […]

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Amundi has announced the creation of Amundi Technology, a business growth driver that aims to accelerate and expand Amundi’s sale of technological solutions for the savings industry, and with which Amundi aims to generate €150 million in revenue within five years. “Technology is a key point of differentiation and development for financial institutions,” said Amundi CEO Yves Perrier. “Amundi has […]

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European asset manager Amundi has made two senior appointments to drive its Greater China business, the firm announced today. Zhong Xiaofeng has been promoted to chairman of Amundi Greater China, based in Hong Kong. He has been with the asset manager since 2011, joining as deputy chief executive officer, sales and marketing. In 2012 he became the CEO for North […]

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Brought to you by Amundi. “Periods of volatility in the fixed income credit markets have historically presented investors with unique investment opportunities. In the face of uncertainty, having a flexible approach to investing and a keen focus on value and fundamentals is important in adapting to change.” Markets Rocked at an Unprecedented Magnitude and Pace Global economies nearly ground to […]

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Amundi BOC WM JV approved by the CBIRC [Amundi, BOC Wealth Management] 20 Dec – Amundi and Bank of China Wealth Management were approved by the CBIRC to form an asset management joint venture. The partnership will capitalise on Amundi’s global investment management expertise and BOC WM’s extensive onshore distribution capabilities to serve institutional and individual clients in China. The […]

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Amundi Asset Management has named two industry veterans to lead its sales efforts in South Asia and North Asia. Albert Tse will take up the role of head of distributions sales & marketing for South Asia, while Marie-Pascale Bonhomme will oversee Amundi’s activities in North Asia as head of business development and partnerships for North Asia and deputy general manager of […]

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