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
Both bankers will report directly to Mark Renton, acting head of China investment banking and head of Asian investment banking.
Wu arrives at Citi as a director in its China investment banking team and will be based in the Hong Kong offices. At Morgan Stanley, Wu spent nine years at Morgan Stanley and most recently held the title of vice president, China investment banking team.
Also joining from Morgan Stanley, Ji comes to Citi as vice president in the China investment banking team. At his former employers, which he joined in 2005, Ji was a vice president in its institutional equity division. He will perform his new position from CitigroupÆs Beijing offices.
The two new recruits to CitigroupÆs expanding China investment banking team is the latest stanza in what is becoming a genuine hiring binge. In March, Jing Zhao joined the firm from Morgan Stanley as managing director in CitiÆs China investment banking team.
In turn, CitiÆs raid on Morgan StanleyÆs China investment banking team comes after the latter poached Kai Yang from Citigroup. The swapping between the banks was seemingly set in motion after Morgan StanleyÆs high profile hire of Wei Christianson to lead its China business in January. She previously served as Citi's chairman of China for global markets (Asia).
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.