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
With immediate effect, both new appointees will report directly to Anthony Nappi, CEO and regional head of GTS in Asia-Pacific. In their respective markets, they will take responsibility for leading their country teams over a broad range of GTS business lines including cash management, treasury, trade, custody, clearing, fund administration, securities financing, depository receipts and agency and trust services.
In Hong Kong, Ling arrives at her new role from CitiÆs GTS department. For the bank, she was most recently head of customer coverage for GTS Hong Kong. First joining Citi in 1994, Ling started her tenure as a management associate and leapt into several senior positions in sales and relationship management.
She takes on her new role after Albert Ip, the previous head of GTS in Hong Kong, transferred to CitigroupÆs private banking division.
Ameen heads to the Vietnam role from CitiÆs GTS team in Hong Kong, where he was head of cash management sales. Working for Citi for 13 years, Ameen has also held positions with the firm in Australia, Dubai, Riyadh and elsewhere in its Hong Kong operations. When he first joined Citi, he was a management associate in Singapore.
He replaces Greg Trotter who left the role earlier in the year to become CitiÆs chief operating officer for trade in Hong Kong. In this role, Trotter holds responsibility for Asia-Pacific.
The appointments of Ling and Ameen are the latest in an aggressive promotion and hiring policy in 2006. Recently, Citigroup shuffled Nigel Dobson and Sridhar Kanthadai to the roles of regional head of cash management for Asia-Pacific in GTS and chief operating officer for GTS in Asia-Pacific. In 2006, it has also made significant appointments in its cash management and trade businesses.
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.