There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
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).
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
Alternatives news roundup: Asia Pacific's alternatives market to hit $6tr by 2025; Indonesia's SWF to buy troubled toll roads
Asia Pacific alternatives market to grow to $6tr by 2025; Australian private capital assets rose to A$77 billion in mid-2020; Chinese authorities limit cash management products holding riskier securities; Indonesia's sovereign wealth fund to acquire several toll roads; Korean institutional investors support scheme to buy US asset-backed securities; and more.