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.
Based in Hong Kong, Yacenda will be responsible for the management and coordination of the bank's governance platform across the business divisions and support functions.
"Richard brings an in-depth knowledge of the region and the industry to this important role which has a strong governance focus," says Colin Grassie, chief executive officer of Deutsche Bank, Asia Pacific.
Yacenda joins Deutsche Bank from JPMorgan where he held the joint roles of chief administrative officer, Asia-Pacific and chief operations officer, North Asia since August 2004. Before joining JPMorgan, he had a 21-year career at Goldman Sachs, in New York and most recently as Asia-Pacific head of human capital management based in Hong Kong.
Yacenda will report directly to Colin Grassie and will work alongside Bill Woodley, chief operating officer for Asia Pacific (ex-Japan).
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.
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