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
The closed-end fund, listed on the London Stock Exchange, provides institutional investors exposure to prelisted equity, state-owned entity equity, listed equity, fixed income, short-term instruments and other investments in Vietnam, where it has a nine-year track record.
In his new role, Mahony will serve as co-CIO along with current CIO Tung Kim Nguyen. As well as help run money, he will also play an active role in training the next generation of equity managers at the firm.
ôWe have a wealth of promising talent available to us in Vietnam,ö says Peter Ryder, CEO of Indochina Capital Corporation, the parent of Indochina Capital Advisors, the company which manages the fund. ôWorking with someone of TerryÆs seniority and experience will accelerate their development.ö This will also free up RyderÆs time to focus on the more strategic aspects of the business.
Mahony has lived in Asia since 1981 in several careers, many focused on emerging-market finance, interrupted by a stint running a Latin American fund for Baring Asset Management. He built HSBC InvestmentsÆ global emerging-markets capacity in the early 1990s, and then did the same for Trust Company of the West and TCW Asia in the mid-1990s. Since 2000, he has been responsible for asset allocation for global institutional portfolios at Investment Manager Selection, a role he continues.
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.