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
Murthy reached the companyÆs mandatory retirement age of 60 on Sunday. He will continue in the position of non-executive chairman and mentor of Infosys. Infosys did not disclose if the chairmanÆs position would be filled by anyone else.
Infosys, which was the first Indian company to list on the Nasdaq in 1999, celebrated its 25th anniversary on July 30 in Mysore. On the occasion IndiaÆs finance minister, P Chidambaram (who was chief guest) said ôwe are here today celebrating the success of a great enterprise that makes all Indians proud and that places India among the frontline nations of the world in software and technologyö. Murthy had said ôit is a matter of great pride to see your child grow up, embrace a good value system, seek high aspirations, and achieve more than what you ever thought was possibleàInfosys is one such child.ö
Infosys has had a generous stock option policy for employees since it was founded and has created wealth for a substantial number of its employees. As per the companyÆs latest Bombay Stock Exchange filing dated July 12, 2006 (for the quarter ended June 30) Narayana Murthy, his wife and two children collectively hold 5.88% of Infosys' stock. Infosys closed at Rs1762 ($38) on Friday, August 18.
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.