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
From CitigroupÆs Jakarta offices, Jonan will report directly to Mark Renton, the US bank's head of Asia-Pacific investment banking and to Peter Eliot, chief country officer in Indonesia.
Jonan heads over to Citi from PT Bahana Pembinaan Usaha Indonesia, one of the nationÆs top financial services companies. For this firm, Jonan served as president and CEO and was employed by the state-backed firm from 2001 to 2006.
Prior to this role, Jonan worked at Citigroup in Indonesia from 1999-2001 on its private equity side. Before beginning his first spell at Citigroup, he worked at Japan Asia Investments as a senior vice president.
JonanÆs return to Citigroup follows a very solid year for Citigroup in Indonesia. Earlier in 2006, the firm was sole lead on Indonesian shipper, Arpeni Pratama Ocean LineÆs (APOL) hugely oversubscribed $160 million high yield bond deal. Last month, the firm scored another Indonesia high-yield mandate, named as sole bookrunner and joint lead on the proposed deal for Noble Finance.
His appointment to the role of Indonesia investment banking head follows the April appointment of Tengku Zafrul Aziz as head of investment banking for Malaysia.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
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.