There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
In his new role of chief operating officer, Zhang will report directly to Robert Morse, chief executive officer, Asia-Pacific region, CIB. The position will also entail working closely with Morse and other senior management on business strategy and planning.
More specifically, Zhang will assume responsibility for the region's support functions, including human resources, legal, finance, operations and technology, and corporate affairs. And though he is set to transition from his role as chairman of the public sector group, Zhang will have senior coverage responsibility for selected public and private sector priority clients across the region.
For Citigroup, Zhang is already a member of its management committee and global banking operating committee. He will also join the bankÆs Asia-Pacific operating committee.
Zhang joined Citigroup in 2005 in New York. Prior to working for the bank, he also worked for the World Bank Group as managing director in charge of its worldwide lending and advisory operations. While working at the World Bank between 2001 and 2005, Zhang was also in charge of most of its corporate and support functions.
Elsewhere at the World Bank, Zhang was previously vice president and corporate secretary and managing director for corporate and support functions, and for product sectors and geographic regions.
Before joining the World Bank, Zhang held a number of senior positions at the Ministry of Finance in China.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.