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
Wong, who started his new job yesterday, has more than 20 years of experience in the financial services industry. In his most recent role as business development director at Citi Private Bank, his scope of responsibilities included setting up CitiÆs onshore private bank in Shanghai, Guangzhou and Beijing, managing a team of investment specialists, and providing advisory solutions to high-net-worth clients.
At Barclays Wealth, Wong will oversee a team of investment specialists based in Hong Kong, offering advisory solutions.
ôNotwithstanding the current global economic turmoil, we remain convinced of the prospects of the private banking business in Asia, and we are focused on expanding and building capabilities to further enhance our range of services to our clients," says Didier von Daeniken, chief executive of Barclays Wealth in Asia-Pacific. "More than ever in these difficult times, we must continue to focus on providing advisory solutions tailored to clientsÆ needs. SteveÆs appointment will undoubtedly strengthen our client servicing and advisory expertise in North Asia, and ensure that Barclays Wealth is well-positioned to take advantage of market opportunities.ö
Earlier in Wong's career he worked as a senior investment counsellor at J.P. Morgan Chase and at Citi Private Bank, where he was responsible for providing investment consultancy and trade ideas across various asset classes to private banking clients in North Asia.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
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.