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
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.
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.