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.
Clarke spent 20 years at Allens Arthur Robinson as a corporate advisor on both capital market and M&A transactions. He has represented some of AustraliaÆs largest companies including News Corp and Sonic Healthcare.
Clarke joined the law firm in 1984 and was elected partner in 1991. He was partner in charge of the New York office from 1992 to 1996 and worked on secondment with Skadden, Arps in New York.
At Citigroup, Clarke will report to co-heads of investment banking Chris Knoblanche and David Hatt. ôThis is a significant appointment for our business in Australia and New Zealand,ö says Knoblanche. ôAndrewÆs experience with many of the countryÆs largest corporations, and his direct knowledge of US practices and markets will complement and build our local and cross-border investment banking business.ö
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.