Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Orangefield Trust is an incarnation of ING Trust, a global trust company based in Amsterdam that underwent restructuring last year. In July 2007 it was sold to a capital investment group, Foreman Capital, and to management, and renamed. It has offices in Aruba, Curacao, Luxembourg and Mauritius as well as Hong Kong and Amsterdam. It provides services to corporations and private individuals such as fiduciary and trustee work, structured finance and corporate legal services, and corporate management services.
KwunÆs role is regional, with a mandate to build business in Greater China. The firm is also looking to open an office in Singapore.
He says he joined because as a newly organised business, it offers more opportunity than BEAÆs MPF, which operates in a mature, saturated market. Orangefield will not be looking to get into the MPF market, and will instead focus on fresher opportunities, Kwun says.
Kwun led the establishment of BEAÆs MPF business from the very start of the regime in late 2000. Patrick Li, BEAÆs senior marketing manager for MPF, will now run the business for Bank of East Asia.
Signatories are advocating for a robust policy on plastic pollution amid concerns that states would support a less ambitious mandate.
The Covid-19 variant is unlikely to cause distress for investors banking on global recovery, but quarantine restrictions in Hong Kong are set to put the bite on any comeback.
China Life names Yuan Changqing as acting chairman; Future Super hires operations chief; China Life Franklin Asset Management CIO and deputy CEO leave; Willis Towers Watson has hired Kameswara Natakusumah as head of Indonesia; Prudential hires ex-Apac CEO for Allianz George David Sartorel as a non-executive director; Manulife IM hires into multi-asset solutions team in Asia; PineBridge Investments hires from BNY Mellon IM; and more.
The family office of Alibaba's co-founder likes to do its own hands-on due diligence and favours deals that can make a difference, rather than investments for the sake of ESG.