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
ôThereÆs more learning opportunities here,ö Chew says of her new employer. ôDeutsche has a strong research platform and is building for growth. WeÆll get the resources we need.ö
As of end March, the group manages Ç20 billion ($27 billion) of private wealth assets out of Singapore. This pool represents global client money invested in Asia Pacific ex-Japan equities. The team year to date has returned 20.97% versus 16.82% for the MSCI Far East ex-Japan benchmark.
Hou Wey-fook has replaced Chew at ING Private Banking Asia in Singapore as CIO. He reports locally to Renato de Guzman, CEO, and functionally to Gregory Shore, global CIO. Hou was hired from Lion Capital Management, where he was head of global equities and external fund management, as well as director and CEO of subsidiary Lion Fairfield Capital Management, a hedge fund specialist.
Chew will manage client portfolios across Asia and provide them with access to macro investment views. She is also a member of Deutsche BankÆs global investment committee. She oversees a team of 10 strategists, portfolio managers and marketers, and is looking to add two more investment professionals by the end of the year, Chew says.
She reports directly to Klaus Martini, Frankfurt-based managing director and global CIO for private clients, as well as to Ravi Raju, Singapore-based managing director and head of private wealth management in Asia Pacific.
Prior to ING, Chew held senior roles at DBS Asset Management and SingaporeÆs
Government Investment Corporation.
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.
Investors still favour private equity assets for their higher growth, better governance structures, and diversification potential.