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
Fung, 48, has been managing director of advisory sales for China at DBS for the last four years, having spent the previous six years at the Commonwealth Bank of Australia, where he was head of financial markets for Asia.
According to a spokesman for Hang Seng, Fung has been appointed to accelerate the bankÆs sales strategy. He will oversee the bankÆs investment and insurance businesses, and will be responsible for management, sales and market strategy, as well as the development of new products and services.
He will report to the bankÆs general manager of personal financial services and wealth management, William Leung.
Fung takes the position over from Cheung Ka Min, who is believed to be leaving the company next week, after more than 10 years, to take up a position with an unnamed property developer in Hong Kong.
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.