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
RBS has been rapidly building its derivatives and fixed-income manpower in Asia. In this newly created role he will handle rates sales for hedge funds and other institutional investors, focusing principally on Japanese yen and G8 interest rate products.
He will be reporting to Tom Picard, head of Asia-Pacific debt market sales, who joined RBS in 2004 following stints at Lehman Brothers in Singapore, Tokyo and New York. He and Spilman formerly worked together for several years at Lehman Brothers Tokyo in fixed-income sales.
"New York- and London-based hedge funds are rapidly expanding their footprint into Asian markets,ö says Spilman. ôThey are expressing their views on Japan's economic recovery and reflation through the fixed-income markets, primarily through yield-curve plays, volatility strategies and relative-value strategies involving swaps versus bonds and futures."
Concurrently in RBSÆ derivatives build-up, Garry Frenklah has also joined the firm in Hong Kong as head of Asia ex-Japan private-banking sales for equity derivatives and FX derivatives. Frenklah comes from Sumitomo Mitsui Banking Corporation, where he structured and marketed derivatives. In this new role he will report to Franklin Heng, head of equity-derivative sales. The pair previously worked together at the beginning of the decade at HSBC Securities in Hong Kong.
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.