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
Before joining Sungard Yen was a principal at PricewaterhouseCoopersÆ Asian financial consulting practice covering the finance, banking, insurance and investment sectors. He will be responsible for operations, sales and marketing at FXI in an effort to expand the companyÆs market share, which the company estimates at 46.8% of new funds issued in China.
FXIÆs main China indices are the China A50, aimed at qualified foreign institutional investors and covering the largest A-share companies by market capitalisation, the China 25 index covering the top 25 H-share and Red chip companies, and its Hong Kong Index series, designed for qualified domestic institutional investors in China and used by ChinaÆs Social Security Fund as its Hong Kong benchmark.
The company is had a difficult time last year after it lost a case for breach of contract brought against it by SSE Infonet, the Shanghai Stock ExchangeÆs in-house market data provider.
FXI stressed that Zhu ShanÆs promotion was unrelated to the loss of the case and Mark Makepeace, chief executive of the FTSE Group and co-chairman of FXI, stressed that YenÆs appointment would help to expand the business and enhance FXIÆs market leading position in China.
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.