Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
Turnover in equity markets is subdued at the moment, but the new position reflects a long-term trend, according to Noreddine Sebti, Deutsche's Asia head of equities. "Creating a regional sales platform is in direct response to the growing number of clients who manage their equity derivatives positions on a regional basis, as opposed to a country-specific basis."
That trend will continue as Asia attracts a growing chunk of asset allocations and liquidity in the region's equity markets deepens. Indeed, the value of outstanding OTC equity derivatives contracts in Asia ex-Japan tripled during the three years covered by the last Bank for International Settlements derivatives survey, published in June 2007.
Davis will report to Denis MacCarthy, the head of Asia equity sales, and the bank's regional management.
Regulators keep their eyes open on tightening insurance industry by introducing more detailed risk management requirements, which could bring pressure on smaller players.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
CDPQ's Ivanhoe Cambridge hires ex-GIC real estate expert; NZ Super adds board member; Future Fund appoints chief people officer; BlackRock real estate CIO joins Singapore's Capitaland; AMP Capital hires MD for energy; Northern Trust AM names new CIO; T Rowe Price hires AU and NZ institutional head; Nuveen hires Southeast Asia institutional head; Citi names sustainability head in Singapore; and more
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