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
Coplestone quit Credit SuisseÆs asset management unit in Hong Kong to take the role. He had been the main person responsible for Credit SuisseÆs business development in Asia ex-Japan and helped the firm seal joint ventures in Korea and China. He had been with the firm for seven years, originally as head of retail distribution for Australia.
Before joining Credit Suisse, Coplestone held various distribution positions in Australia and his native New Zealand, including stints with Tyndall Investment Management and EquitiLink Asset Management.
He now joins DeAM to run marketing and sales for North Asia. The position is new, designed to ease the burden of Michelle Bang, managing director of sales and marketing for Asia ex-Japan in Singapore, by allowing Coplestone to handle Greater China. Coplestone reports directly to Ed Peter, DeAMÆs Singapore-based head of Asia Pacific and the Middle East.
His hiring completes the building of the North Asia team, which also includes two other recent hires who now report to Coplestone.
Shen Tan recently joined the firm in Hong Kong as head of institutional sales. He previously served in a similar role at Schroder Investment Management in Hong Kong, and he has also worked as an investment consultant at Watson Wyatt in Hong Kong and Australia.
Terence Lee runs the retail side, having recently arrived from First State Investments, where he had focused on retail distribution in Asia. Lee has also worked at Allianz Global Investors and Fidelity Investments in Hong Kong.
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.