MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
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.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.