Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
Purushothaman will be head of economics and strategy for the group and will combine an understanding of economics, anthropology and scenario planning to look at the evolving consumer trends and preferences for the group as a whole and specifically for the investment vehicle, Future Capital Holdings.
Purushothaman joined Goldman, Sachs in 2000 with a bachelors degree from Yale and an MSc in development studies from the London School of Economics. During her tenure at Goldman, Purushothaman worked on some path-breaking research.
She co-authored a paper titled, ôDreaming with BRICs : The Path to 2050ö in which the firm forecast that by 2050 the BRICs (standing for Brazil, Russia, India and China) economies could be larger in US dollar terms than the G6 consisting of the US, Germany, Japan, the UK, France and Italy. This paper and itsÆ follow-up piece ôThe BRICs and Global Markets : Crude, Cars and Capitalö have become internationally renowned for their conclusions. Purushothaman and her colleagues used emerging market GDP growth, per capita income and currency movements to forecast a potential global economic realignment.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.