Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
He will report locally to Nilesh Navlakha, DeutscheÆs Singapore head of regional equity sales, and regionally to Harvey Twomey, head of global prime finance sales and capital introduction for Asia-Pacific.
"Even though broad-based industry growth and activity is nowhere near the levels of 2006 or 2007, Singapore has certainly solidified itself as a major operating centre,ö says Twomey. ôFor hedge funds in Asia, Singapore is the destination chosen by many of the international groups establishing in the region, and the city has become the de facto centre for many India focused strategies.
Behind this sales initiative, Deutsche says that it is also seeing medium-term opportunity in strategies looking to run single-country funds focused on Vietnam, Thailand and other Southeast Asian markets, and believes that Singapore will prove to be the natural hub for this activity.
Weekly investor roundup: Cathay Financial expects rate hikes to boost returns; NPS' enlarged stewardship role faces pushback
Cathay Financial Holdings anticipates that interest rate increases will help boost profits in the coming year; Korea's National Pension Service meets protest from the business community after move to enlarge stewardship role; MAS bans crypto advertising to the general public; Japan's GPIF appoints managers for fund of funds mandate; GIC returns for Checkout.com's Series D funding; and more
Despite Evergrande's woes, Allianz is still bullish on Chinese property and infrastructure, although it has slowed down its investment process.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Signatories are advocating for a robust policy on plastic pollution amid concerns that states would support a less ambitious mandate.