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
Morgan's hire of Kai Yang may go some way to filling the gap left by Zhao. The 40-year old Beijing-and-Oxford educated Yang will report to CG Wu, Morgan Stanley's head of China investment banking and MD Yang - and leaves Citigroup after just seven months.
If anybody were counting one could say Morgan Stanley is slightly ahead, since this is its second hire at Citi's expense, following the high-profile departure of Wei Christianson in January - to head up Morgan Stanley's China business.
Meanwhile Mark Renton has taken over from Christianson as head of the Citigroup China investment banking team, while concurrently holding the position of head of Asia-Pacific investment banking.
Yang will be located in Beijing and work alongside Christianson, who will also be based in Beijing once she starts in May after her gardening leave.
YangÆs role will be broad. He will work primarily as a country coverage banker with some input on the execution side as well as liaising with regulators. He is also expected to have a say in strategy. He has substantial experience in financial and energy deals. Before joining Citigroup in 2005, Yang was with UBS, and its predecessor SBC Warburg, which he joined in 1994.
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.