There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
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.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.