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
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.
Investors still favour private equity assets for their higher growth, better governance structures, and diversification potential.
The recent focus on greenwashing has put bond issues under greater scrutiny. However, some market participants believe this risks paralysis by analysis.
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.