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
He is joining from Skandia Investment Management, where he had led institutional and international sales for its multi-manager and single-strategy mutual funds. Smith has also worked at Gartmore Investment Management and HSBC Asset Management (now called HSBC Investments).
He is filling a position, based in Singapore, that was vacated by Philip Levinson in December, who left to join competitor RREEF, Deutsche BankÆs real estate and infrastructure investment arm.
SmithÆs job is to raise capital from investors in the Asia-Pacific region for LaSalleÆs direct real estate and global-securities funds.
LaSalle now manages $6.2 billion of assets. Historically most of its asset-gathering took place outside of Asia, but in 2007, LaSalle attracted what it terms ôsubstantial new moneyö from Australia for both securities and private funds. It also has clients in Japan and Hong Kong, markets where it expects to grow its business, says Celia Jennings, head of global client services in London, to whom Smith reports.
There are no immediate plans for additional hires in Asia, however.
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.
The asset allocation matrix is becoming more complex as investors look for new sources of returns beyond traditional asset types. How can investors measure and maximise returns in compounded portfolios?
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
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.