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.
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.
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.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.