The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
In what is a new role, Tan will be responsible for the further development of the structured trade finance business, deals generation and executing strategic initiatives to grow the business in Singapore as well as in Asia.
Trade financiers are capitalising on business opportunities in the region as the government steps up efforts to promote Singapore as a wealth management and export hub.
"Structured trade finance is a key component of HSBC's trade and supply chain proposition and we see significant growth potential as the voracious appetite for commodities continues, liquidity contracts and regulatory risk increases," says Michael Lim, head of structured trade finance for the region at HSBC.
"HSBC as a strongly capitalised and liquid global bank is well positioned to support its customer base and we will be continuing to expand our structured trade finance resourcing and coverage over the coming 12-month period," he adds.
Tan joins HSBC from Standard Chartered Bank where she held a key sales position in its structured trade finance business for Southeast Asia.
A Standard Chartered spokesperson confirms the bank has found an internal replacement to take up Tan's former role, without giving details.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
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