Richards had decided to leave two years after joining MLC, during which time she reinvigorated the MLC Investment Management business, evolved its investment strategy and attracted investment talent, the company said.
Mr. Zhu will also take up the position of Communist Party chief at the bank and deputy manager of Citic Ltd., another arm of the state-run Citic Group, which includes the Hong Kong- and Shanghai-listed China Citic Bank, according to the report Caixin'
Some suggest Daiwa has let go of the great majority of a team that consisted of 13 to 15 bankers, but according to one source, the cuts aren’t that extreme and the firm still has a team in Hong Kong and Singapore.
The new subsidiary will focus initially on sales and client services in the region, with plans to make it an investment management hub as well, Mr. Costello said.
"I am excited about deepening the institutional distribution capability of the nabInvest group," said team leader Rob Sullivan, global head of institutional distribution at nabInvest.
Johnston will assume the responsibility of leading the firm's sales efforts into the wholesale distribution channel as part of an expansion of its institutional client offering to family offices, platforms, dealer groups, and independent financial ad
The company boosts fixed income and equity capabilities, and strengthens relationship management as it celebrates its fifth anniversary in Singapore Manulife Asset Management today announced several initiatives to establish Singapore as a complementary hu