Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
With immediate effect, Patrick Degg moves to Asia as regional head of leveraged finance and sponsor coverage. Degg will work closely with the corporate finance function to support demand from private equity sponsors and corporate clients for mergers and acquisitions related cost-efficient funding.
He switches to the new Hong Kong-based role from ING in London. During his time with the firm in London, he played a key part in the establishment of a cross-border team across Europe and was responsible for the origination and execution of a number of high-profile deals for the institution.
Also transferring to ING's Wholesale Bank in Asia from London is Tibor Papp. He arrives at the Hong Kong office as managing director, co-head of syndicated finance for Asia. For the last two years, Papp has served as a director in acquisition finance, syndications in which he was responsible for the underwriting, structuring and distribution of various ING-led leveraged finance transactions across Europe.
Papp first joined ING in 2004 from the Canadian Imperial Bank of Commerce. He also brings experience from Bankers Trust.
He will hold the title of co-head of syndicated finance for Asia with Sandeep Sharma, who is based in Singapore. Sharma is currently managing director, loan syndications Asia. He joined ING in 2001 from Bank of America in India where he led its syndicated finance team in the country.
Elsewhere at ING, Robert Scholten, currently head of loan syndications Asia, will transfer to Indonesia. He first joined ING in 1991, before transferring to Hong Kong a year later. He has served in the commercial banking department and for three years as head of credit and marketing in China.
Regulators keep their eyes open on tightening insurance industry by introducing more detailed risk management requirements, which could bring pressure on smaller players.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
CDPQ's Ivanhoe Cambridge hires ex-GIC real estate expert; NZ Super adds board member; Future Fund appoints chief people officer; BlackRock real estate CIO joins Singapore's Capitaland; AMP Capital hires MD for energy; Northern Trust AM names new CIO; T Rowe Price hires AU and NZ institutional head; Nuveen hires Southeast Asia institutional head; Citi names sustainability head in Singapore; and more
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains