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 July 17, Cox will take on the newly created role in HSBCÆs Hong Kong offices and will report directly to Stuart Gulliver, head of HSBCÆs CIBM group. His appointment also comes a month after former co-head of CIBM, John Studzinski announced he will leave HSBC to join private equity firm Blackstone as a senior managing director and partner.
According to HSBC, CoxÆs move to Hong Kong is reflective of the regionÆs importance to its CIBM franchise. His appointment comes three years into its five-year plan to beef up its investment banking team and compete with other international rivals.
Cox has worked at HSBC for 22 years. Most recently, he was head of CIBM for HSBC Mexico. In the position, he played a major role in the the growth of this business.
Prior to his Mexico role, Cox was senior manager, corporate banking in HSBCÆs Hong Kong offices. He held this role between 1998 and 2003. While in Hong Kong, he was also chairman of the board of governors at the Matilda Hospital and honorary treasurer of the Hongkong Society of Rehabilitation.
Cox has also worked in Malaysia, South Korea, France and the UK. He began his career with the bank as a management trainee in 1984.
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.