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
Following the recommendations of a team of consultants, the exchange will partner with an overseas exchange to set up a trading and clearing platform for emissions-related structured products and exchange-traded funds (ETFs).
Paul Chow, the exchangeÆs chief executive, expects to reach an agreement before the end of the year and has also said that the exchange will consider setting up an auction for certified emissions reduction units, similar to the scheme already running in Europe.
The study û carried out by Mallesons Stephen Jaques, Climate Focus and International Environmental Trading Group û also considered the idea of trading derivatives, structured products and ETFs linked to gold. As a result, the exchange has said that it will send a proposal on trading cash-settled gold futures and options to the Securities and Futures Commission.
For the most part, the infrastructure needed to put these initiatives into practice is already in place. ôOur market systems can support the trading of the products that are part of these initiatives so any IT-related investment will be insignificant,ö says Chow. Even so, the chief executive clearly has no plans to rush things. ôInitiatives like these tend to have lengthy timeframes so we are taking a long-term view,ö he adds.
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.