Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
At ABN Amro, Lim was the Singapore CEO responsible for business development with private and institutional clients. His departure marks a second top management loss from ABN Amro Asset Management to Legg Mason. Bo Kratz, now a managing director at Legg MasonÆs Permal, left his job as head of institutional sales at ABN Amro last year. Prior to that, Kratz had served with Lim as the Singapore CEO and deputy CEO respectively.
Lim has also worked for Schroders Investment Management and Prudential Portfolio Managers. He joined ABN Amro in 2003.
Legg Mason is headquartered in Baltimore and, with $968.5 billion under management, it is the worldÆs ninth largest asset manager. It wholly owns eight asset specialists - Legg Mason Capital Management, Western Asset Management, Private Capital Management, Royce & Associates, Brandywine Global Investment Management, ClearBridge Advisors, Permal and Batterymarch Financial Management.
Earlier in March, it announced expansion plans to open three offices in Hong Kong, Taiwan and Singapore. Johnson has identified the three Asia markets as the key growth areas for Legg MasonÆs business in coming years. The group has an existing platform acquired from Citigroup Asset Management in 2005.
According to market sources, Marcel de Bruijckere, the regional head of LDI investments and structuring will oversee ABN Amro's Singapore operations until a suitable replacement is found for Lim.
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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.