HSBC Global AM appoints new Asia fixed income chiefs; PAG names Japan PE co-heads; EquitiesFirst names Beijing office head; Noah Holdings CIO resigns; Pictet replaces Singapore chief; HKEX names interim CEO; Tahnoon Pasha departs Spencer Stuart and Asia; Newton IM poaches Aviva Investors' CEO.
With 10 years of experience in both the private and public sectors, Park most recently played an instrumental role in advising the Korean government as team leader and chief asset adviser of the KIC Establishment Task Force, which has set up the Korean Investment Corporation, the new government investment agency.
Before that he served asáa vice president for the Korea Centre for International Finance under the Ministry of Finance and Economics, where he headed the research into third-party asset managers, the asset management industry and the Northeast Asia financial hub project.
Over the previous decade his career included a variety of roles in both Korean and foreign-owned companies. He was a senior portfolio manager of fixed-incomeáinvestments and equity basket trading at CAM, the chief financial treasurer at Credit Suisse First Boston and a derivatives trader at BridgeáSecurities, all based in Seoul.á In addition he has wide experience of product structuring and marketing.
Reserve managers in Asia and elsewhere aim to relax their investment guidelines amid the pandemic fallout, with an eye on assets such as EM stocks and private equity, say experts.
Washington's decision to ban investments in Chinese companies has caused problems for some ETF products. But experts see longer-term upside for both stocks and ETFs.
Measures to ensure continuity of investment management have been largely successful, but the situation requires constant monitoring to maintain efficiency, say asset owners.
Capital Group names new Japan president; Robeco replaces Singapore chief; Hillhouse Capital hires ex-Blackstone MD; Vontobel expands EM debt team; HSBC Global AM names Apac ETF sales head; Manulife creates new digital business role; Stanchart names CIO for wealth management; TMF appoints fund services exec in Shanghai; and more.