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
Clifford Lam joins Credit Suisse as managing director and head of Hong Kong research. His new position includes responsibility for Credit SuisseÆs Hong Kong market strategy and the bankÆs Hong Kong property sector research. Lam will also coordinate its regional property research.
Lam reports directly to Ali Naqvi, Credit SuisseÆs head of equity research in non-Japan Asia and replaces Victor Kwok who retired from the firm over the summer.
Lam spent eight years at Merrill Lynch and was most recently managing director and head of Hong Kong research and property sector. Prior to working for Merrill Lynch, Lam was with CLSA as an analyst. He also brings experience from Ernst & Young as an auditor.
Reporting to Lam will be Louisa Fok, who joins Credit Suisse as a vice president in Hong Kong. She will assist Lam covering the China/Hong Kong property sector research.
At Merrill Lynch, Fok covered the China/Hong Kong property sector and worked for the firm for seven years.
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.
The fund's 29.6% returns marked its best ever and exceeded its reference portfolio, which has 80% allocated to equities, by 1.73%.