In new statements on the extent of greenwashing in the fund management industry, Desiree Fixler highlights some uncomfortable truths about sustainable investing.
In the new role, Lake will be responsible for enhancing and leading Merrill Lynch's debt origination business in the region. His duties will also include providing leadership to the overall Pac-Rim DCM effort, and work with his partners in investment banking and global markets to deliver optimal traditional and non-traditional debt solutions across the product spectrum to the US bank's targeted clients. Lake takes on the position in MerrillÆs Hong Kong offices.
Reporting to Lake will be Ken Niimura, head of Japan DCM, who will also work under Jiro Seguchi, head of Japan origination. Ron Ross and Chris Selby, of Australia DCM, will report to Lake and to Geoff Brunsdon, head of Australia Origination. In addition, the Asian DCM team will report to both Lake and to Sheldon Trainor, head of Asia investment banking.
Lake joined Merrill Lynch in 1989 in investment banking in New York, and most recently was head of European corporate and public sector DCM, based in London. Prior to this role, he held positions around the globe including senior roles in real estate investment banking and ratings advisory services. He was previously head of debt origination for Asia-Pacific, head of the European public sector group, and head of the Central and Eastern Europe, Middle East and Africa (CEEMEA) debt client group.
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Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.