The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Nick Good will fill that role, although the firm says it is giving him an expanded title as head of iShares Asia Pacific (incorporating Japan and Australia, which had previously been run autonomously). Good is transferring from the firmÆs San Francisco office, and reports to Lee Kranefuss, iSharesÆ CEO, who remains in San Fran.
Good recently served as head of strategy and planning for both iShares and BGIÆs institutional index business globally. He joined BGI in early 2006 from the Boston Consulting Group.
The Hong Kong team has made two more hires. Fred Horsey joins as COO for BGI Asia ex-Japan and reports to Mark Talbot, regional CEO. Prior to HorseyÆs recruitment, BGI ran its Asian operations from its London office. His hiring marks the first time BGI will have any on-the-ground operations head in the region and comes as the firm is relocating more functions from the United States and Europe to Asia.
Horsey comes from a 10-year career at JPMorgan Chase, most recently as its head of Asia product development; he also served as regional head of legal for JPMorgan Asset Management.
Veronica Lam is joining BGIÆs business development and client service team with a focus on North Asia. She was previous senior manager of Hong Kong institutional business at Fidelity Investments in Hong Kong. She now reports to Singapore-based Catherine Barker, who runs client service and marketing for Asia ex-Japan.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
Insto roundup: Norway's Oil Fund praises China governance efforts; NPS commits $100m to taxi-hailing app
Norway's Oil Fund welcome Chinese proposals improving transparency and shareholder protection; HK's MPF assets surge 35% year on year; Korea's NPS commits $100m to TPG consortium to invest in taxi-hailing app; Poba commits W270bn to European property; Malaysia's EPF sees investment income rise 59% year-on-year in first quarter, and more.