Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
Daswani has been promoted to global head of securities services for Standard Chartered, which regionally focuses its business on regional custody, sub-custody and fund administration across Asia and the Middle East. He formally replaces Paul Hedges, who left the bank to pursue other opportunities two months ago. Following the departure of Hedges, Daswani temporarily took the role while continuing to hold the role of global head of financial institutions transaction banking.
In taking on the securities role full time, Daswani will oversee all of Standard CharteredÆs securities services business and will be expected to draw on his extensive client relationships and knowledge of OECD markets. He will report to Karen Fawcett, Standard CharteredÆs global head of transaction banking, who is also based in Singapore.
In his prior role, as global head of financial institutions transaction banking, Daswani held responsibility for cash management and trade finance for the banks, investors and intermediaries, in addition to the development organisations client segments.
Prior to this role, he was group head of securities services product management, where he led the strategy and product teams that pioneered Standard CharteredÆs entry into the Asian regional securities services space.
Joining Standard Chartered in 1991, Daswani has also held the titles of head of transaction banking for the Middle East and South Asia region, and was based in Dubai. During this period he also served as head of local product management with responsibility for customising global solutions for cash, trade and securities services to suit local needs and regulatory requirements.
For Standard Chartered, he has also held an array of positions within client relationships, transaction sales and product management.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.