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
The firm has managed Japanese equities since 1992. Its bottom-up stock-picking style makes having an onshore presence desirable. Only recently, however, has the firm gained enough size to warrant the expense.
Last year it gained a number of new Japanese clients when it purchased fund management units based in London and Philadelphia from Deutsche Asset Management. Corfe says these units run multiple asset classes but are especially strong in fixed income, with their origins in the old Morgan Grenfell franchise. The addition of Japanese clientele combined with growing asset size made the idea of opening a Tokyo office compelling.
Pascal Masse will head the office. He is a Japanese equity manager who has been with Aberdeen since 2000. He will have three other investment professionals working with him in Tokyo.
The advisory license will allow the firm to undertake company research. Aberdeen plans to win a discretionary asset management license next year, to allow it to also manage funds onshore and do marketing, which will require a senior hire. The firm manages $1.8 billion in Japanese equities.
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.
The asset allocation matrix is becoming more complex as investors look for new sources of returns beyond traditional asset types. How can investors measure and maximise returns in compounded portfolios?
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.