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
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).
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.