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
In this new role, she will continue to be responsible for the Asia ex-Japan client base, but will also assume a client servicing role in Australia. FRMÆs Australian office has already been operating for five years.
She will report locally to Derek Goodyer, director for Australian-related business and Mark Reinisch, director and head of marketing, who is based in London. FRM has dispatched Jones to Australia in order to bolster its resources in the Asian region. At this stage, there are no plans to hire more for the Aussie marketing wing.
FRM opened its office in Japan in 2000, and it says that it definitely believes that it will open another office in Asia at some point, though it hasn't decided yet whether that will be in Hong Kong or Singapore.
FRM is a leading global fund of hedge funds, with assets-under-management of $12 billion, of which approximately 40% comes from the Asian region. Investors include large institutional funds, trust banks and private banking groups.
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.