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.
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.
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.