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
Apenbrink succeeds Blair Pickerell, who left the firm last month to become managing director and head of the Asia-Pacific business at Morgan Stanley Investment Management. The newly created role incorporates traditional asset management with private equity, real estate, hedge funds and other alternative businesses.
Mark McCombe, CEO of HSBC group investment businesses (which includes HSBC Halbis Partners, the active-management/alternative investment arm), had conducted a review of both internal and external candidates. He told AsianInvestor when Pickerell resigned that a franchise such as HSBC Investments had plenty of prestige and opportunities, so that there would be plenty of eager applicants. He says one of ApenbrinkÆs priorities will be to develop the groupÆs institutional business throughout Asia Pacific.
Apenbrink is currently CEO of HSBC Investments in Germany. He is responsible for group investment businesses in Germany, Austria and Eastern Europe. HeÆs a member of the global management committee. He joined HSBC Trinkaus & Burkhardt in Germany in 1993 and has been leading HSBC Investments in Germany since 2003. He is being succeeded in Germany by Bernd Franke, currently CEO of Internationale Kapitalanlagegesellschaft mbH (INKA), a subsidiary of HSBC Trinkaus &
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.