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.
From the private bankÆs Hong Kong offices, HoÆs newly-created role will include responsibility for building its product platform in the region. This will include driving its portfolio management sales and advisory products and services, plus working on wealth engineering and trust and family services solutions.
At Credit Suisse, Ho was most recently head of products North Asia in Hong Kong. Aside from working at Credit Suisse, Ho has also worked in private banking for Salomon Smith Barney and Merrill Lynch.
He will report directly to Andrea Benenati, head of North Asia, who also joined from Credit Suisse in March 2006. HoÆs arrival is the latest move by Julius Baer to capitalise on the increasing need for private banking expertise in Asia.
In July, SwitzerlandÆs largest pure-play wealth manager, lured Daniel Chiam from OCBC in Singapore.
Prior to this announcement in July, Julius Baer had also been busy expanding its Asia reach. Aside from securing the services of Benenati from Credit Suisse, the firm also brought in Heinz Puth as head of marketing, Southeast Asia from Credit Suisse. Also joining from Credit Suisse were David Lim as head of Julius BaerÆs newly-formed investment finance unit and V Anantha Nageswaran as of head of research Asia and the Middle East.
The private bank also lured Wilfried Kofmehl from UBS to serve as its regional head of Southeast Asia and CEO for Singapore.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.