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
Alexis Fosler will run prime brokerage sales in Singapore. She has been working in the offshore banking industry in the British Virgin Islands and previously worked in Hong Kong in equity sales/research for SBC, UBS and Credit Suisse. The name of the member of staff who will handle client servicing in Singapore is yet to be announced.
The prime brokerage operation will complement CitigroupÆs recently established hedge fund administration department, which is managed in Singapore by Eric Tan.
ôWeÆre setting up in response to the trend of people setting up hedge funds in Singapore, by actually being on the ground there, we will be better positioned to proactively provide services,ö says Hannah Goodwin, managing director of CitigroupÆs equities prime brokerage operation in Asia.
Additionally in Singapore, since September 2006, Citigroup has had a hedge-fund sales team staffed by Charles Blake and Raj Kapoor. They talk to approximately 20 hedge funds in Singapore, presenting their research that is specially tailored to hedge fund deal ideas.
Citigroup set up its Asian prime brokerage department up in April 2005, and has now built a staff of 34 people.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.