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
Wayne Shum, managing director, has served as MD for institutional business since the departure of Thomas Duffy in 2005. Duffy had run Fiduciary TrustÆs Asia Pacific business, and took over Franklin TempletonÆs institutional side when the firm acquired Fiduciary. Shum joined Franklin Templeton in Hong Kong the previous year after working at Mercer Investment Consulting.
Lin, however, is a Franklin Templeton veteran, having worked at the firm since 1995, bar two years as CFO at Chinadotcom, a Hong Kong internet-boom start up. He will now report to Bill Yun, Franklin Templeton GroupÆs head of institutional business in New York. Shum will continue his institutional work in Asia, reporting to Lin.
Lin has spent the past three years as CEO of Franklin TempletonÆs China JV with Sealand Securities in Shanghai. He oversaw the JVÆs acquisition of a license and the launch of its first products.
ôI did three years at the joint venture and helped bring its AUM to $430 million, and it seemed like time to move on,ö Lin says. The JV will now be run by Michael Lin, a mainland national who has experience working at a number of fund management companies in China.
But Jack Lin expects his new role will require him to retain a constant hand in ChinaÆs market. ôWe take great interest in China,ö he says, noting that he will be speaking with the same institutions about international business as he had when he was working in Shanghai.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.