The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Cordes returns to a company where he spent five years working out of the London office as head of leveraged funds in the 1990s, and was responsible for raising seed money for hedge funds sponsored by the company. His knowledge and experience of alternative investments will be brought to bear on this new role.
ôThe products created by the asset management division include cash management and multi-asset portfolios,ö Cordes says.
ôWe have fund of funds in the alternative investment arena as well as traditional asset management, including sector and regional funds. We also have strengths in private equity, real estate and hedge funds, and want to offer a broad range of products. But it is fair to say that alternatives will be a new emphasis,ö he adds.
As for plans on the distribution front, Cordes stresses that Credit Suisse has a pan-regional approach. ôAustralia is a well-developed market and we have had a presence there on the retail and institutional side for quite a while,ö he explains.
ôWe are rebuilding in Japan and have two joint ventures: Woori Credit Suisse Asset Management in Korea and ICBC Credit Suisse Asset Management in China. In Singapore, Hong Kong and Taiwan we plan to develop institutional clients and work with distribution partners.ö
Tony Iliya, Credit SuisseÆs new vice-chairman for asset management, has been charged with developing both traditional and alternative products in the Asia-Pacific region. He was appointed three months after Clayton Coplestone, director and head of business development Asia ex-Japan for Credit SuisseÆs asset management division, left the company. Iliya's more senior role should raise the profile of the business in Asia.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.