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
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.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.
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.