The Canadian pension fund plans to increase its allocation to the region from 10% to 15% over the coming four years, even as its total assets under management rise.
Cunningham joins Citi in Hong Kong and will report directly to Adrian Faure, director of research for CIR Asia-Pacific. In the new role, he will also work closely with country analysts on coverage for the sector and introduce several new platform products.
At JPMorgan, Cunningham was most recently head of the regional oil and gas, refinery and petrochemicals team. He took on this role in October 2004. Prior to that, Cunningham covered the downstream petrochemical sector in Taiwan for JPMorgan for six years. He started his career as an analyst in 1998 with Taiwan International Securities.
CunninghamÆs arrival at Citi fills the void left by Thomas Hilboldt, the bankÆs former head of regional oil and gas research, who departed in July. The appointment also comes as Citi continues to bolster its regional research effort, having made a string of key hires this year.
They have teamed up with each other and with overseas investors to boost investment capacity in real estate and infrastructure investments in Europe and North America.
Asset owners across Asia Pacific weathered some difficult market conditions in 2020. While most emerged from the year successfully, some notable exceptions suffered asset drops.
Thanks to the current rise in yields, the key return driver of the bond market is set to change but its bull run will very likely continue.
Asian institutional investors were generally more optimistic about post-pandemic economic recovery but only 33% were confident about achieving their short-term objectives.