The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Joining Citic CapitalÆs China private equity team, Bo Liu has been named director while Terry Cui has been named senior associate. Both are based in Shanghai and will focus on private equity activities in China.
Hanxi Zhao, Yueping Chen and Eriko Yamamoto have joined the Japan team. Zhao, who has been named a director, and Chen, a senior analyst, are based in Shanghai. Yamamoto, an associate, is based in Tokyo.
Citic Capital CEO Yichen Zhang says the new hires are in line with the companyÆs efforts to pursue talent at the mid- to senior-level to complement its existing investment team and build its investment franchise.
Liu was previously senior vice president and general manager for China at Ewing Management Group, a US private equity firm. He led the establishment of EwingÆs Shanghai office and was responsible for deal origination and execution, managing portfolio companies and serving on their boards. He had experience in business consulting and led various projects at Bain & Co. and A.T. Kearney.
Cui previously worked as a consultant at The Boston Consulting Group and had project experience in multiple industries including healthcare, retailing and manufacturing. He also played a role in advising a Chinese state-owned enterprise on its privatization and management buyout.
Zhao, who is proficient in Japanese, plays a leadership role in Citic CapitalÆs Japan private equity fund, CITIC Japan Partners. Her background is in corporate strategy and consumer goods, including experience in helping multi-national corporations enter and grow in the China market.
Zhao was the director of strategy and planning at Dow Jones & Company, focusing on formulating and executing business strategy for its consumer media group. She also worked as a management consultant at The Boston Consulting Group in the US and as a brand manager at Procter & Gamble in China, where she led market entry and business growth for a range of brands.
Chen and YamamotaÆs experience lies in China market entry consulting.
Chen worked as a business analyst at Arthur D. LittleÆs Shanghai office, providing services to multi-national corporations and local Chinese enterprises in sectors such as construction and industrial materials, consumer goods and telecommunications. Previously, she worked as a Researcher for SIKT AS, a consulting firm based in Norway.
Yamamoto worked as a consultant at A.T. Kearney, focusing on China market entry and growth strategy for various industries including manufacturing, facility maintenance, information technology and financial services.
Founded in 2002, Citic Capital Holdings Limited is a China-focused investment management and advisory firm. It manages around $1.3 billion of capital from a diverse base of international investors. Its core businesses include private equity, asset management, real estate, structured finance and special situation investment.
The company is part of the Citic Group, one of China's largest and most comprehensive conglomerates focusing on financial services.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
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Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.