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
Wu makes the move from Citigroup and will assume responsibility for DeutscheÆs overall strategy and governance in Taiwan. He replaces Michael Hellbeck, who in the summer of 2005 was relocated to Seoul by Deutsche to take on the role of chief operating officer, and deputy chief country officer for Korea.
Since the reassigning of Hellbeck, WuÆs new post was held by Cynthia Chan, who was acting chief country officer for Taiwan. She held this role in tandem with her present position of head of global markets, Taiwan.
At Citigroup, Wu was vice chairman, corporate and investment banking, Taiwan. In addition to this role, he has also held the positions of president of Fubon Bank and chief country officer for Fidelity Investments in Taiwan.
His experience extends to Bankers Trust in Tokyo, New York and Taipei and he began his financial career with Chase Manhattan Bank.
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.