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
Lu will focus on the North Asia region (ex-Japan), and will report to Vikas Batra, head of project and structured finance, Asia.
"StephenÆs appointment will enhance our delivery capability in the region and will contribute towards ANZÆs growth strategy for Asia," says Batra.
Lu joins ANZ after five years at Macquarie Bank in Hong Kong where he worked on both principal transactions in the transportation and energy sectors, as well as advising on the Beijing National Stadium project during its tender for an international investor.
Prior to Macquarie, he was vice president and head of the energy and transportation team at Commerzbank in Hong Kong. Lu also worked in HSBC Investment BankÆs Project & Export Finance Department in Hong Kong as advisor on projects in the energy, transportation and telecommunication sectors in North Asia for nearly seven years.
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.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.