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
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.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.