Responsible investing includes allocating to poor-ESG performing EM countries and helping them shift to greener solutions, instead of divesting completely, experts said.
Do Jin Kim joins the firm as managing director from UBS where he was head of its Korea debt capital markets group. He will be based in Seoul.
Byung Woo Cho joins as an executive director also from UBS, where he was an executive director in the debt capital markets group. He will now be based in GoldmanÆs Hong Kong office.
Both will report to Harvey Lee, GoldmanÆs head of DCM for Asia ex-Japan.
Both Cho and Kim joined UBS from similar positions at JPMorgan in 2004.
Goldman is already a mainstay on the Korean Ministry of Finance bond issues as well as providing the advisory on the sovereignÆs long-term foreign currency debt rating. With the new hires, Goldman is seeking to further enhance its position in the wider space of KoreaÆs debt market.
Kim and Cho will be responsible for strengthening the firm's ability to provide debt related financing solutions for Korean corporates and financial institutions.
Investors and fund managers must play their part in ensuring that ESG funds deliver on their promise – but only government action will ensure this happens, say conference panellists.
Wanted: ESG experts that can see through a customer's eyes. AsianInvestor sounded out asset owners to see what they're looking for when it comes to management hires.
Apac asset owners are more keen than their global peers on private equity and infrastructure sustainable investments. However, they trail behind in public equity.
Stakeholders are placing increasing importance on gender equality on corporate boards, but institutionalised problems continue to limit career advancement for women in Asia Pacific, experts say.