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.
Chen shifts over to JPMorgan from Fox-Pitt, Kelton (FPK) where he worked since 2004. During his time at FPK, Chen was an Asian bank analyst covering China and Hong Kong, where he also worked with Garg, who crossed over to JPMorgan in early 2005. His experience also includes time at Goldman Sachs, where he was a financial analyst, Asia-Pacific banks and financials.
ChenÆs move to JPMorgan comes after the firm reassigned Joseph Zeng, who was previously covering the sector to its investment banking division. In his new role, Zeng will work in the financial institutions group (FIG) in investment banking and will report to Marc Jones, JPMorganÆs head of FIG for Asia Pacific.
The hiring of Chen comes as JPMorgan looks to expand its regional financials research coverage.
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.