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.
The hiring of Zhao as managing director in its China investment banking division comes as a big coup for Citigroup, as it attempts to rebuild its China team after losing Christianson, its former chairman of China for its global markets team. Meanwhile Francis Leung, its former Asia Chairman and renowned China investment banker, now works part time as a senior advisor.
Upon her arrival at Citigroup, Zhao will report directly to Mark Renton, head of Asian investment banking and acting head of China investment banking - and will carry out her role from the US firmÆs Beijing offices.
ôJing is a great addition to our China investment banking team,ö says Renton. ôShe has excellent client relationships around the region and has been involved on several landmark and groundbreaking transactions from China in recent years.ö
During her 12-year employment with Morgan Stanley, Zhao rose to the position of co-head of China investment banking, a role she took on with CG Wu after the departure of Jonathan Zhu - who left the investment bank in January to join buyout firm Bain Capital. She was also its chief representative in Beijing, a position she occupied since 2002.
Upon joining Citi, the firm will seek to draw on ZhaoÆs extensive experience on high-profile deals to quickly try and rebuild its China investment banking team. At Morgan Stanley, Zhao was heavily involved with the $1.85 billion IPO of Ping An Insurance in June 2005 and more recently, 2005Æs $9.2 billion listing of China Construction Bank (CCB).
Evidently, CitiÆs hiring of Zhao comes as a huge boon for its China investment banking operations, which hopes to build on the success of last yearÆs $4.18 billion acquisition of PetroKazakhstan by China National Petroleum Corporation (CNPC), which it advised on.
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.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
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.