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
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 still favour private equity assets for their higher growth, better governance structures, and diversification potential.
The recent focus on greenwashing has put bond issues under greater scrutiny. However, some market participants believe this risks paralysis by analysis.
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.