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
In his new role of managing director and head of corporate trust in Asia, Lew will report to Samir Panditi, BoNYÆs global head of corporate trust in New York. He will also oversee the hiring of new members to its corporate trust team, which has already begun and will likely expand quite significantly over the short term.
Prior to joining BoNY in late 2006, Lew was employed by Deutsche Bank in Hong Kong and brings more than 20 years of related experience to the role. At Deutsche he was managing director and head of global trust services, and was involved in the management of various types of debt, equity linked and equity financing transactions. While at Deutsche Bank and Bankers Trust, Lew was also involved with project finance, structured finance, fund administration, business development and relationship management.
BonYÆs purchase of JPMorganÆs corporate trust business made the firm the largest corporate trust provider globally and gave it a presence in several local markets. Following the purchase, BoNY now has regional corporate trust offices in Japan, South Korea, Taiwan, Hong Kong and Singapore. It also has a joint venture in Australia.
Corporate trust providers like BoNY are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties. Under this umbrella, functions include servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.
The asset allocation matrix is becoming more complex as investors look for new sources of returns beyond traditional asset types. How can investors measure and maximise returns in compounded portfolios?
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
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.