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
DeutscheÆs expansion in Singapore will be staffed by existing Deutsche staff. It will take the form of a capital introductions desk, headed by Ferrell Daste, who heads their capital introductions service in Asia and now transfers to Singapore from Hong Kong. He will be assisted by Nilesh Navlakha, who will take the role of hedge fund equity sales in Singapore.
A prime broking financing desk will form the other leg of the Singapore presence. That will be run by Scott Basili and helping him will be Anusha Varma.
According to the Monetary Authority of Singapore, there were 190 hedge funds in Singapore at the end of 2006, with total assets under management of $26.5 billion, which represents growth of 76% over 2005.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.