Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; 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.
Weekly investor roundup: Cathay Financial expects rate hikes to boost returns; NPS' enlarged stewardship role faces pushback
Cathay Financial Holdings anticipates that interest rate increases will help boost profits in the coming year; Korea's National Pension Service meets protest from the business community after move to enlarge stewardship role; MAS bans crypto advertising to the general public; Japan's GPIF appoints managers for fund of funds mandate; GIC returns for Checkout.com's Series D funding; and more
Despite Evergrande's woes, Allianz is still bullish on Chinese property and infrastructure, although it has slowed down its investment process.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Signatories are advocating for a robust policy on plastic pollution amid concerns that states would support a less ambitious mandate.