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.
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.
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.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.