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
To Baker & McKenzieÆs Tokyo operations, Vance brings broad experience in infrastructure project development, finance and M&A. His legal career has also seen him working on restructurings in Asia for multinational developers and financial institutions.
He crosses over from the Singapore offices of Skadden Arps, where he was counsel in its energy project finance and development practice. While at Skadden Arps, Vance was part of a multi-office team that advised the Thai Oil Public Company on its $788 million IPO in October 2004. This piece of advisory also involved the debt restructuring that Thai Oil undertook before launching its IPO.
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.
The fund's 29.6% returns marked its best ever and exceeded its reference portfolio, which has 80% allocated to equities, by 1.73%.