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
IbrahimÆs appointment signals the agency broker's ambition to grow its business in the region. He will focus on business development in the Middle East region, including the United Arab Emirates, Qatar, Saudi Arabia, and Kuwait.
He will work with new and existing clients in the pension fund, sovereign wealth, insurance and asset management sectors to develop and implement cost-efficient transition management strategies.
Prior to his new appointment, Ibrahim worked in a number of trading, portfolio management, and structured product roles for Global Investment House, Al Mal Capital, Shuaa Capital, and Dubex Securities in the Middle East.
The Middle East has not been immune to recent market volatility, while oil prices also continue to fall. However market players remain optimistic, pointing to strong earnings growth potential and buying opportunities.
"The last several years have led to the creation of an immensely sophisticated institutional investor base in the Middle East that mirrors investors everywhere in their need for portfolio diversification,ö says Hani Kablawi, managing director, head of Middle East & Africa at the Bank of New York Mellon.
ôWe are very pleased that we now have the services of a transition management specialist based in the region that will help our clients minimise risk and preserve the value of their investments.ö
BNY ConvergEx specialises in global agency trading in over 94 markets worldwide, including global portfolio trading, single stock and block-trading, portfolio rebalancing, foreign exchange and liquidations.
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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.