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 is not clear whether Enam will be hiring anyone to replace Khanna. Enam is a purely Indian investment bank founded in 1984 by four partners of whom the name most prominently associated with the firm is Vallabh Bhansali. In 2005 talks that Enam would be forging a joint venture with a global player were rife and the Lehman Brothers name was bandied about - although the rumours seem to have been baseless. Industry sources suggest KhannaÆs move could be indirectly related to IndiaÆs stock market downturn and the consequent spillover on capital markets.
KhannaÆs move to Enam was partly motivated by a desire to join an investment bank with a more active capital markets practice - a platform neither Rothschild nor Andersen provided.
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.