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
The pair will take over from Jon Pratt who defected to Merrill Lynch earlier this month.
Joo will be based in Hong Kong, while Tan will be based in Singapore. Both will report to Vikram Malhotra, who heads Credit SuisseÆs global markets solutions group in Asia.
Joo will be responsibile of looking after Credit SuisseÆs high-grade and sovereign business. TanÆs focus will be the bankÆs high-yield business.
Tan has been with Credit Suisse for the past four years, and moves into the new position with a lot of experience in non-investment grade and ratings sensitive bond issuance having worked on over 60 deals in the region. Prior to joining Credit Suisse in 2003, Tan was a ratings advisor for JPMorgan for Asia (ex-Japan) and was part of JPMorganÆs economic research team.
Joo joined Credit Suisse in 1998 from Goldman Sachs' DCM group. In his time at Credit Suisse, he has been responsible for capital markets, M&A and derivatives coverage for Korean clients. He was also the head of Korea capital markets responsible for overseeing marketing and execution of all equity and debt capital initiatives.
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.