Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
ôSingapore is one of the Citigroup Private BankÆs most important markets. Our Singaporean clientele is among the most sophisticated anywhere in the world with a hands-on approach towards managing their assets,ö says Deepak Sharma, chief executive officer, Citigroup Global Wealth Management, Asia Pacific and Middle East. ôWe expect to be hiring more talents like Cheng Fong in line with the strong growth of our private banking business in Singapore and the Asia Pacific region.ö
Prior to taking on the role with Citigroup, Fong headed up the strategy/asset allocation/resource centre at DBS in Singapore. While at DBS, she was also responsible for overseeing its fixed income and global macroeconomic research units.
Before working at DBS, Fong was chief strategist, Asian debt capital markets for Nomura Singapore. Her resume also includes the roles of head of quantitative research for Asia at JPMorgan and as a computer systems analyst with the Malaysian's Prime Minister's office from 1985-1987.
Weekly investor roundup: Cathay Financial expects rate hikes to boost returns; NPS' enlarged stewardship role faces pushback
Cathay Financial Holdings anticipates that interest rate increases will help boost profits in the coming year; Korea's National Pension Service meets protest from the business community after move to enlarge stewardship role; MAS bans crypto advertising to the general public; Japan's GPIF appoints managers for fund of funds mandate; GIC returns for Checkout.com's Series D funding; and more
Despite Evergrande's woes, Allianz is still bullish on Chinese property and infrastructure, although it has slowed down its investment process.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Signatories are advocating for a robust policy on plastic pollution amid concerns that states would support a less ambitious mandate.