Responsible investing includes allocating to poor-ESG performing EM countries and helping them shift to greener solutions, instead of divesting completely, experts said.
About 18 months after making its strategic move into Asia, Axa REIM has already invested nearly 25% of the $2 billion committed by its clients in the region. The new operations in Singapore are expected to help further build Axa REIMÆs presence and leverage in Asia.
Axa REIM, a wholly owned unit of Axa Investment Managers, manages around $63 billion in assets.
ôAsia is becoming a strategic destination for the real-estate investors and we want to support our Axa Group and third-party client efforts in diversification and creation of value,ö says Pierre Vaquier, CEO at Axa REIM.
Frank Khoo has been named global head of Asia at Axa REIM. Based in Singapore, he will assume his post in mid-September and will report directly to Vaquier. He will also be part of the Axa REIM executive committee.
In this new role, Khoo will coordinate the development of Axa REIMÆs investment and asset management activities in the region.
He will manage the development of investment platforms in Japan and India and will set up a local presence in other parts of the region which are important to Axa REIMÆs strategy.
He will also contribute to the launch of Asian investment funds to develop Axa REIMÆs asset base in Asia.
With over 15 years in the investment industry, Khoo has extensive experience in private equity and real estate and a deep knowledge of all the Asian markets.
ôHis expertise in deal sourcing and execution as well as fund launches will contribute widely to Axa REIMÆs ambitions of becoming a major player in the pan-Asian real estate investment industry,ö Vaquier says.
Prior to joining Axa REIM, Khoo was senior vice-president at Pacific Star Fund Management.
Apac asset owners are more keen than their global peers on private equity and infrastructure sustainable investments. However, they trail behind in public equity.
Stakeholders are placing increasing importance on gender equality on corporate boards, but institutionalised problems continue to limit career advancement for women in Asia Pacific, experts say.
Weekly investor roundup: Hong Kong's Exchange Fund posts HK$13.2 billion loss; MAS tightens monetary policy in surprise move
Hong Kong's Exchange Fund posted a third-quarter investment loss after five quarters of gains; the Monetary Authority of Singapore said it would raise the slope of its currency policy band up from its current 0%; the Korea Investment Corporation surpasses $20 billion in AUM for the first time; RB Family Office to buy 12 four-storey conservation shophouses in Singapore; and more.
Inflation, fluctuating interest rates, Covid-19 shutdowns, and sporadic reopenings have led to bouts of volatility in the market, with tech stocks bearing the brunt of the selling over the last month.