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.
The newly forged group will be run out of Hong Kong and led by Eric Mason and Timothy Donohue, who will serve as co-heads. Both will report to Chris Nicholas, head of Asia credit markets and special situations and to Sean Wallace, head of Asian capital markets.
Mason, the current head of leveraged finance, is expected to focus on leveraged lending. On the other hand, Donohue is likely to direct his attentions to the high-yield bond business. Donohue will relocate from JPMorganÆs New York offices where he was a managing director in the high-yield capital markets group.
In addition to these moves, JPMorgan has also bolstered its Asia capital markets group.
Three months since his hiring from BNP Paribas, Ananth Ramachandran has been promoted to the role as head of high-grade origination. He will continue to be based in Singapore and joined the firm in May as head of debt capital markets coverage for South and Southeast Asia.
Elsewhere at JPMorgan, Simon Crisp will internally transfer from London to take on the Asia syndicate head role, which was left vacant by Fergus EdwardsÆ departure for UBSÆ fixed income syndicate team in April.
Regional transactions are bouncing back to pre-Covid levels, but experts caution that each geography requires a different investment strategy.
The run-up to the COP26 meeting in Glasgow provides an opportunity for governments to take stronger leadership on the climate crisis as scepticism over green financing escalates.
The asset allocation of Indonesian pension funds showed a flight to safety last year, but did fear outweigh the numbers? Some experts argue, in the light of local equities, for staying the course.
As more multi-asset portfolios integrate sustainability, such portfolios’ ability to navigate short-term swings in performance is enhanced without sacrificing longer term returns, says Schroders’ Jason Yu. In this Beyond Profit series, the firm explores both investing in sustainability-driven sectors and incorporating ESG considerations in the investment process.