MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Del Col used to work as a managing director at Swift where he headed relationship management and business development. Before then he was a managing principal at Capco and prior to that was a vice-president at Deutsche Bank in its global operating efficiencies and industry initiatives department.
LaCrosse is a new arrival to AsiaÆs hedge fund administration scene and recently opened an office in Singapore. At this early juncture, the firm reckons it has made some inroads into the start-up hedge fund administration business locally dominated by HSBC, Citco and Fortis, plus recent up-and-comers Matt Brown's Citi and Mascall-Robson's JPMorgan.
"Funds tell us that it is so difficult to find skilled backoffice and operational resources," says Stewart Feffer, CEO of LaCrosse. "They say that outsourcing to a platform like ours makes more sense than taking on the people and systems investments themselves.ö
That view has been corroborated by hedge funds locally, who say that they would like to hire hedge fund accountants away from administrators, but their mobility and ambition to move is often-times a problem, with the conservative accountants reluctant to move to a hedge fund from the big glamorous hedge fund administration shops.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.