There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
In this newly-created role, BirlaÆs directive is to drive and execute the strategy for South Asian client acquisition in North Asia. He will report to Sandeep Sharma, head of South Asia, who is based in Singapore.
ôAsia-Pacific is an important growth region for our private banking business, with North Asia making a strong contribution in terms of asset growth and client base," says Didier von Daeniken, chief executive of Barclays Wealth Asia-Pacific. "We are now just one of the few private banks to have coverage of the South Asian high-net-worth segment based out of Hong Kong, complementing a well-established Hong Kong-based team currently serving the North Asian markets.ö
Prior to joining Barclays Wealth, Birla spent seven years as executive vice-president at RBS Coutts in Hong Kong, where he instituted its private banking business and implemented the strategy for South Asian client acquisition in the North Asian markets of China, Hong Kong, Korea, the Philippines and Taiwan. Before that, Birla spent six years building up CitiÆs non-resident Indian (NRI) business in Hong Kong, where he successfully established and led a team of relationship managers servicing NRI clients based in North Asia.
Birla has 20 years of experience in the banking industry, having also held senior roles at Citibank in India, and BNP Paribas in Hong Kong.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.