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.
Credit Suisse First Boston (CSFB) has made the following key recruitments to its equity research team, Asia:
- Matthew Adams will join the internet team as senior associate, based in Hong Kong. He was previously a corporate finance executive at ING Barings in London, and before that was with the Pacific Century Group.
- Eva Lee becomes an associate covering consumer and media stocks, based in Hong Kong. She joins from Indosuez WI Carr, where she was a research analyst.
- Chong Leong is appointed vice-president in charge of CSFBs China equity research, based in Hong Kong. He was previously with Morgan Stanley Dean Witter.
- Nicholas Shao takes up the post of senior associate, and will cover semiconductor manufacturing in Taiwan. Previously, he was with Franklin Templeton Group and Morgan Stanley Asset Management in the United States.
- James Sullivan has been named a senior associate, based in Bangkok. He will cover Thai telecommunications and media companies. He was previously with the Quant Group and prior to that he worked for IBM, in the United States.
- Van Truong joins as a senior associate, based in Hong Kong. She covers e-commerce developments in Asia. Truong was previously with C.E. Unterberg Towbin and covered e-commerce stocks like Amazon.com and Beyong.com.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
Insto roundup: Norway's Oil Fund praises China governance efforts; NPS commits $100m to taxi-hailing app
Norway's Oil Fund welcome Chinese proposals improving transparency and shareholder protection; HK's MPF assets surge 35% year on year; Korea's NPS commits $100m to TPG consortium to invest in taxi-hailing app; Poba commits W270bn to European property; Malaysia's EPF sees investment income rise 59% year-on-year in first quarter, and more.