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
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.
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.