Weekly roundup of people news, Oct 23

Federated Hermes adds Asia, Australia/New Zealand sales heads; Eastspring, Nomura AM, Aberdeen name new Taiwan chiefs; Peak Re hires first chief economist; CBRE names HK investment property head; Campbell Lutyens appoints senior adviser in Singapore; and more.

Partner Insights

Asian tourism: The long road ahead

Compared to global peers, Asia’s travel and tourism sector appears better positioned to weather the lingering challenges in a post-Covid world. Amid international travel restrictions, domestic tourism shows signs of recovery - while talk of regional travel bubbles brings hope to the industry. This is the final instalment in Eastspring’s Asian Expert Series, exploring the future of Asia post Covid-19.

Asian financials: Bracing for challenges

Asian banks are in a stronger position now compared to the 2008 crisis; however, the longer it takes for economic recovery post Covid-19, the greater the likelihood of consolidation within the sector. Areas of concern include asset quality, profitability and the pace of digitisation. Operational and financial resilience will be the keys to success.

Going forward with UOB Asset Management

UOB Asset Management was named Best Asia Fund House of the Year in our most recent Asset Management Awards. The exclusive interview with Boon Kiat Thio (Group CEO of UOB Asset Management) and Vana Bulbon (CEO of UOB Asset Management Thailand) uncovers the key priorities for the business moving forward.

In-depth

Magazine

Webinar

THE FUTURE COO: Evolution or Revolution?

Traditionally tasked with driving efficiency, the role of the COO has in recent years come to rely increasingly upon technology while striving to meet evolving client and employee expectations as part of a growing remit. In a post-pandemic world, the urgent need for operational resilience has taken contingency planning from a periodic activity to a short and long-term priority, as day-to-day operations have been radically altered.

Combined with an already increasingly complex web of interactions, we will discuss how COOs can balance organizational transformation in the longer term while dealing with today’s pressing needs.

Questions to be answered will include:

  • What kind of programmes for upskilling the workforce should be put in place?
  • How can COOs balance risk management with driving growth opportunities?
  • How have expectations for client interactions been altered by Covid-19? Has it amplified the role of the COO?
  • How can the need for long-term growth and collaboration be balanced with more pressing short-term needs?
  • Where does the COO role tend to overlap with other senior roles, and how can responsibilities be more clearly defined?
  • As COOs focus increasingly on technology, how can they adapt to have the right skills and mindset?

Drivers of change – macro forces and the new normal for insurance

In times of economic turmoil, the natural reaction is often to cut your losses. Plus, balancing assets and liabilities can be particularly difficult during a period of historically low interest rates, looming government debt and the risk of corporate defaults. However, amid these challenging conditions investors should combine a long-term investment view with bespoke investment solutions.

In our upcoming webinar, we discuss with insurance industry experts how best to map out a path to successful investment against a backdrop of tenuous economic recovery and geopolitical uncertainty.

  • How macro-economic forces are shaping risks for balance sheets
  • Regulatory changes in a broader context, such as IFRS 17 and IFRS 9
  • Current challenges in building products with investment guarantees
  • Embedding ESG considerations into the portfolio construction process
  • All weather asset allocation to navigate through market volatility

Going for gold: Allocation strategies amid uncertainty

The price of gold has been surging against the backdrop of fatigued economic growth. Its price has reached record highs thanks to near zero interest rates and a weakening US dollar.

Aside from its reputation as a safe haven in times of economic uncertainty and political risk, gold is a useful hedging tool and provides long term capital gain. Yet asset owners have concerns over liquidity and valuation as the asset does not provide any yield. 

The ‘Going for Gold’ webinar, in partnership with the World Gold Council, will host two leading asset owners and assess:

  • Investor sentiments towards US dollar
  • Interest rate and economic growth forecast
  • Key price drivers, liquidity and the supply and demand of gold
  • The ideal form asset owners should invest in gold
  • How to calculate gold’s asset valuation in different scenarios
  • Gold’s role as a strategic asset
  • Gold and ESG considerations

Emerging Markets Corporate Debt - Navigating the Unknown

Over the past two decades, the value of outstanding US dollar-denominated Emerging Markets (EM) corporate debt has increased by a factor of 20, to over $1.5 trillion – a larger asset pool even than US dollar EM sovereign debt, according to Bank of America Merrill Lynch. This growth has created unique opportunities for investors, particularly those rethinking their asset allocation and risk-reward profiles while seeking diversification and less correlated return streams.

In our upcoming webinar in partnership with Credit Suisse, our expert panel will address questions such as:

  • During Covid-19, how well did EM corporate bonds perform and why?
  • What are the key risk-reward factors that distinguish EM corporate from EM sovereign debt – and how are they influenced by historical default rates?
  • How can EM corporate bond valuations create attractive investment opportunities in countries where sovereign ratings are relatively low?
  • When does EM investment grade corporate debt offer an attractive alternative to developed market credit, vis-a-vis the underlying country exposures?
  • Which unique considerations are relevant to EM bonds, particularly when it comes to transparency, governance and auditing?

Join us for an in-depth discussion on this exciting area within fixed income.

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Weekly roundup of people news, Oct 16

Taiping Insurance appoints new chairman; Etiqa replaces Singapore chief; Nuveen appoints Japan real estate head; Vontobel opens Singapore office; Aquila Capital names Apac CEO; Neuberger Berman adds new RM; Ocorian poaches fund services trio from Apex; Northern Trust replaces HK client services head; CSOP sells FO business to Carret Private and more.

Weekly roundup of people news, Oct 23

Federated Hermes adds Asia, Australia/New Zealand sales heads; Eastspring, Nomura AM, Aberdeen name new Taiwan chiefs; Peak Re hires first chief economist; CBRE names HK investment property head; Campbell Lutyens appoints senior adviser in Singapore; and more.

Asian tourism: The long road ahead

Compared to global peers, Asia’s travel and tourism sector appears better positioned to weather the lingering challenges in a post-Covid world. Amid international travel restrictions, domestic tourism shows signs of recovery - while talk of regional travel bubbles brings hope to the industry. This is the final instalment in Eastspring’s Asian Expert Series, exploring the future of Asia post Covid-19.