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
Effective 1 May, Chua will work on regionwide economic issues, with a particular emphasis on Southeast Asian economics and Asian equity-related themes. Upon arriving at Citi, he will report to Yiping Huang, its managing director and head of EMA Asia-Pacific.
To Citigroup, Chua brings vast experience in the Asian economic sphere. He joins the firm from DBS in Singapore where was the senior regional economist (Southeast Asia) and Asian equity strategist. During his DBS tenure, Chua was also the honorary secretary of the Economic Society of Singapore and frequently quoted in the press.
Prior to his role at DBS, Chua worked at the Monetary Authority of Singapore (MAS) where he headed the external economies division, planning, policy and communications division and the financial surveillance division. In total Chua was with the MAS for six years.
Chua has also been a visiting lecturer and research fellow at the Economic Growth Centre at Yale University.
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.