Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
Answering to him will be James Pearson and Linda Wong, who head up commercial and consumer banking in China respectively, both with the title of MD.
Qiu used to be MD and Chairman at Credit Suisse in the 1990s before setting up his own firm, Q Capital. He has spent five years in China working on M&A advisory, principal investment and private equity and reportedly has a wide network of contacts.
Some observers speculate that the Dutch bank is using the hire to take aim at private equity and principal investment, given the boom in the sector. Qiu will complement ABNÆs already healthy M&A advisory service, which recently saw the bank advise Chinese electrical appliance maker Gome on the buy-in by Warburg Pincus. The bank also advised SAB Miller during its takeover attempt of Harbin Brewery two years ago.
Sources close to the bank say that the hope is that the industry experience Qiu has gained in China over the past few years running his own firm will combine with his investment banking experience to bring valuable strategic input to ABN.
Qiu will remain chairman of Q Capital, but day-to-day management of the firm will be carried out by CEO Cathy Zhang, a well regarded former Hong Kong banker. Qiu has degrees in computer sciences from NYU, electrical engineering at Cooper Union University, a further degree from Ohio State University and a Harvard MBA.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.