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
Chan will direct a team of close to 30 people, including 16 relationship managers, and will report to Sermon Kwan, managing director and head of the Greater China region for ING Private Banking Asia.
öWe have a strong commitment to China, a market which has experienced huge business in recent years," says Chan. "WeÆre thrilled to strengthen our team even further with MarkÆs appointment and extend him a very warm welcome.ö
Chan's 30-year career includes his most recent role as managing director, private wealth management, head of Greater China at Deutsche Bank, a position he held for six years. Prior to this, he spent eight years as executive director, head of Taiwan and China at BNP Paribas Private Bank. He has also worked at Citibank, the First National Bank of Chicago and the Bank of Montreal.
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.