The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Upon arriving at Citi in Kuala Lumpur, Choong will take over the reins from Teh Chi Chang, who will now focus on the power, tobacco, print media and gaming sectors in Malaysia. Chang held the head of Malaysian research role for two years.
Choong will report to Adrian Faure, the bank's Hong Kong-based managing director and Asia-Pacific head of research. His responsibilities will include providing analysis on Malaysian country strategy and the gaming and conglomerates sector.
ChoongÆs appointment comes as Citigroup bulks up its research division in Asia-Pacific. For example, the firm recently named Anil Daswani, its former conglomerates research head as its new head of Hong Kong research and then backed this move up with the appointments of Andrew Stotz as head of Thailand research and Michael Chung as head of South Korean research.
Choong comes from BNP Paribas where he was head of equity research. In recent months there have been a slew of departures from the French bank. Earlier this month, it was reported that Michael Ong, head of research at BNP Singapore had departed for a fund management company, along with Pearly Yap, Singapore equities analyst, who also left for a fund management firm.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.