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.
Daniel Chiam joins the Singapore-based team as its Asia market head. He takes the position with immediate effect and will report directly to Heinz Puth, Julius BaerÆs head of marketing, Southeast Asia.
He shifts to Julius Baer from OCBC in Singapore, where he was head of private banking. In total he brings more than 20 years of private banking experience at an array of institutions.
Chiam is the latest hire for Julius Baer, which has been building up a presence in recent months. The private bank recently appointed Wilfired Kofmehl as regional head of Southeast Asia, which takes effect in September 2006, while Puth will take on his official role in August.
Julius Baer also announced that Dr V Anantha Nageswaran has joined the private bank as head of research Asia and the Middle East with immediate effect, while David Lim came on board in June as head of investment finance. These hires were preceded by the appointment of Andrea Benenati in March as regional head of North Asia.
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
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