Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
He will report to David Clarkson, Credit SuisseÆs head of prime services for London and Asia based in London, and to Kurt Ersoy, managing director and head of equity derivatives, convertibles and prime services marketing who is based in Hong Kong.
Ersoy says that the Hong Kong prime services team now numbers 10, including four traders, and further hiring will take place to continue growing the business organically in Hong Kong as well as in Australia, Singapore and Tokyo.
Meehan joins from Jupiter Asset Management in the UK, where he worked as head of its hedge fund group. Originally a lawyer, prior to Jupiter he was director and general counsel for Citco fund services.
He will work with clients setting up new funds and will be marketing custody services, fund establishment procedures, premises location and capital introductions, for which the main event in Credit SuisseÆs capital introductions programme in Hong Kong in 2006 was its dinner at the China Club which united 100 investors and hedge funds.
Stock lending and trading will continue to be the responsibility of Neil Hounslow in Hong Kong.
MeehanÆs appointment marks an expansion to the team, but in some aspects his role is similar to the role carried out formerly by David Leahy, who relocated back to London earlier this year and now handles coverage for hedge funds located ex-Asia who seek to operate here.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.