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
It has been a year since Jamie Paton, who had overseen the regional business, left to join Candover Investments and establish its first Asian office, in Hong Kong. Paton had been with 3i for seven years and had led its build-up in the region.
Now the London-based firm, which focuses on buyouts, growth capital, infrastructure and quoted private equity funds, has promoted one of its own to take over. Ahuja is a partner in growth capital. He joined the firm in 2005 in Mumbai, but is considered one of the pioneers in Indian private equity, having been in the field for 10 years.
He has led the development of 3iÆs India business, but has also spent eight years at JP Morgan Partners Asia, overseeing its India investments. He started his career in 1986 at Citibank in Mumbai. He currently serves on the board of Vijai Electricals and Nimbus Communications, and has served in the past on others, including those of Adani Power, HDFC Bank, HDFC Securities, DominoÆs Pizza India, MTR Foods and Microland.
As head of 3i India, Ahuja was already spending most of his time between Mumbai and Singapore. He will officially be based in Singapore now, but will continue to have responsibility for the India business, as the firm does not plan to replace him. He will oversee Singapore-based Mark Thornton, partner and head of Southeast Asia, as well as Anna Cheung and Albert Xu, the China partners in Shanghai.
In turn, Ahuja now reports to Chris Rowlands, chairman of 3i Asia and a member of the firmÆs management committee, who is based in London.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.