Quantitative Analyst

Hang Seng Bank partners with Capital Group in Hong Kong. Hang Seng Bank will have exclusive rights to distribute Capital Group's flagship US equity fund to its retail customers for three months. Hang Seng Bank has partnered with Capital Group to distribute four funds across multi-asset, fixed income and equities. The Hong Kong-headquartered bank will have exclusive rights to distribute Capital Group's flagship US equity fund, Capital Group Investment Company of America, for a three-month period. Capital Group, which manages $3.4trn in assets, will also distribute its flagship global equity product, Capital Group New Perspective Fund, and a fixed income product, Capital Group Global High Income Opportunities, to Hang Seng Bank's retail clients. The fourth fund, the Capital Group Capital Income Builder, will be made available to investors in the second quarter of this year, the firms said in a statement on Wednesday. Toby Chan, head of client group Greater China, Capital Group, said: "This collaboration reflects a shared commitment to long-term investing and delivering time-tested investment strategies to clients." "Grounded in deep fundamental research and a multiple-manager investment approach, this carefully constructed suite of strategies reflects an investment philosophy that has endured across market cycles, helping clients remain invested and build long-term wealth with confidence." Ricky Lin, head of investments and wealth solutions, Hang Seng Bank, said: "This arrangement aligns well with the Bank's strategic priorities, further strengthening our service commitment and purpose through a broader and more diversified range of investment solutions." "Leveraging our brand and positioning, we will provide Hong Kong customers with leading wealth management services."

Major Charlotte region employers pledged over 2,500 jobs in March announcements. By Produced using AI, with editing by Adam Bell, based on original work by Charlotte Observer staff April 2, 2026 5:06 PM Gift Article The Charlotte region saw a wave of job announcements in March, with four companies collectively pledging more than 2,500 new positions across financial services, tech manufacturing and aviation. The commitments total billions of dollars in investment and span from uptown Charlotte to the Hickory area. Here are key takeaways: - Capital Group, the Los Angeles-based investment manager, announced 600 jobs and a $600 million investment for a new "Center of Excellence" expected in uptown Charlotte. The minimum average salary will be $194,141 - more than double Mecklenburg County's average wage of $90,706. - Citigroup opened a 90,000-square-foot office in Ballantyne with plans to add 510 workers by the end of 2027. The average annual salary for the new positions is expected to be at least $131,000. - A $6 billion partnership between Corning and Meta will create about 1,000 jobs across North Carolina, with a major expansion at Corning's optical cable manufacturing facility in the Hickory area. Average annual salaries for the new jobs are expected to exceed $65,000. - PSA Airlines, a subsidiary of American Airlines, celebrated its new Charlotte headquarters after relocating from Dayton, Ohio. The airline is expected to bring 400 jobs to Mecklenburg County and support more than $228 million in annual economic output. - State tax incentives helped drive the deals: Capital Group received over $17.2 million and Citigroup up to $8.9 million, both contingent on meeting hiring and investment goals. PSA Airlines said it did not receive economic incentives. This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using its own originally reported, written and published content. It was reviewed and edited by its journalists. To learn more about how The Charlotte Observer is using AI in its newsroom, see its policy here.

DTLA's Bank of America Plaza finds buyer after Brookfield's $400M default. Capital Group reportedly has deal to pay $150 per sf for tower where it has HQ Brookfield's Bank of America Plaza office tower in Downtown Los Angeles found a buyer from inside the building. Capital Group entered an agreement to buy the 55-story building at 333 South Hope Street for $210 million or roughly $150 per square foot for the nearly 1.4-million-square-foot building, Commercial Observer reported, citing a source familiar with the tower. Capital Group, one of the world's largest investment management firms, has its headquarters in the building. Brookfield defaulted on an estimated $400 million in commercial mortgage backed securities debt connected to the skyscraper, and the debt was listed for sale last year, The Real Deal previously reported. The Bank of America Plaza was last appraised in 2024 for $212.5 million, a 65 percent decline in appraised value from $605 million in 2016. Brookfield acquired the building in 2013 as part of a portfolio purchase that made the asset manager the largest office landlord in Los Angeles. Seven years later, the pandemic ushered in remote work, sending the local office market into a spiral from which it is still recovering. The sale is the latest from Brookfield's slate of distressed real estate across Los Angeles. Brookfield defaulted on a $506 million mortgage connected to the Wells Fargo Center North Tower office building at 333 South Grand Avenue, and the debt was listed for sale in November, The Real Deal reported. A $275 million loan connected to EY Plaza, another Brookfield-owned tower, was placed in the hands of a receiver in 2023. The debt listing came after a $130 million deal to sell the building at 725 South Figueroa Street fell apart. In June, Brookfield offloaded 601 South Figueroa Street in downtown to Uncommon Developers for $210 million, which was less than the debt tied to the building. - Chris Malone Méndez