The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Gleeson replaces Ashley Dyer who departed the firm several months. He will report to Tomoyuki Teraguchi, NomuraÆs head of Asian equities, and his appointment comes as the firm is beefing up its equity derivatives, convertible bonds, and equity sales and trading teams regionally. Under his watch, Gleeson will look after equity sales trading in markets including Hong Kong, China, Singapore, Malaysia, Thailand, Korea and Australia.
Prior to joining Nomura, Gleeson spent 10 years at Credit Suisse. For the past four years, he was Asian sales trader director in Hong Kong. In this role, Gleeson had responsibility for managing the sales trading and execution team. Prior to this position, Gleeson was head of Australian sales trading and execution in London.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
Insto roundup: Norway's Oil Fund praises China governance efforts; NPS commits $100m to taxi-hailing app
Norway's Oil Fund welcome Chinese proposals improving transparency and shareholder protection; HK's MPF assets surge 35% year on year; Korea's NPS commits $100m to TPG consortium to invest in taxi-hailing app; Poba commits W270bn to European property; Malaysia's EPF sees investment income rise 59% year-on-year in first quarter, and more.