Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
From its Singapore offices, Kaul will report directly to Ashok Vaswani, CitiÆs chief executive officer of global consumer banking, Asia-Pacific. Kaul will also continue his former role as regional head of CitiBusiness, the groupÆs offering that targets small and medium-sized enterprises.
To his new role, Kaul brings over 20 years of banking experience, which spans CitiÆs corporate and investment bank and its consumer bank. Over his time at the bank, he has held roles in transaction banking, cash management, Citiphone, non-resident Indian business in the US, Latin America international personal banking and e-solutions.
Malhotra recently left the bank to assume the newly-created role at Merrill as managing director and head of global private client group, India. Based in Singapore, Malhotra will be responsible for global private client group's onshore operation in India as well as its non-resident Indian (NRI) business. For Citi, he also held a number of senior positions at the same firm, including global head of non-resident Indian business in London and the Dubai-based role of area director for CitiÆs Middle East and non-resident Indian business.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.