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
He joins Invesco from Ayala International Holdings, the publicly traded conglomerate in the Philippines, where he was in charge of Asia-Pacific property investments. As well as handling investment property portfolios, he has also been busy in property development, notably in Shanghai where he masterminded the first land-use rights agreement granted to a foreign joint venture in order to develop local housing.
Lau reports to David Ridley, managing partner for InvescoÆs real-estate team. Ridley says it is making this hiring at this time in order to reflect the expansion in the real-estate asset class in the Asian region. The introduction of real-estate investment trusts in several Asian countries necessitates having to have a bigger property investment team, and that further hires may be made if the Asian real-estate investment sector continues to develop in sophistication and size.
Invesco provides real estate investment advice and manages $24 billion of real estate and quoted securities in property companies. It is part of Amvescap, a global investment manager which operates also under the AIM and Atlantic Trust names. It has offices in several Asian countries and has a joint venture in China.
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.
The fund's 29.6% returns marked its best ever and exceeded its reference portfolio, which has 80% allocated to equities, by 1.73%.