Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
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.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.