There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
In Tokyo, Wakutsu takes on the position of managing director, head of global finance, Japan, with effect from 1 May. In the new role, he will oversee LehmanÆs equity capital markets (ECM), debt capital markets (DCM), leveraged finance, structured equity solutions and risk solutions in Japan.
Wakutsu will report to Joonkee Hong, LehmanÆs managing director, head of global finance, Asia-Pacific and locally to Akio Katsuragi, managing director, head of investment banking, Japan.
He heads over to Lehman from Calyon and in total brings 18 years of experience in capital markets and equity derivatives. He had similar roles at Nikko Citigroup/Nikko Salomon Smith Barney in Japan and with Nikko Securities in London.
Also joining Lehman yesterday (8 May) is Lim, who has been named its head of global finance solutions, Asia. Based in Hong Kong, Lim assumes responsibility for bringing its capital structure solutions to Asia clients. He reports to James Lee, managing director, head of risk solutions group, Asia Pacific and to Anthony Arnaudy, senior vice president, head of debt capital markets, Asia.
Lim shifts over from JPMorgan where he was head of repackaging Asia ex-Japan and a member of its structuring and solutions team.
LehmanÆs Hong Kong DCM team will also be buoyed by the arrival of Prasad, who comes to the firm as head of leveraged finance, Asia. She joined the firm in April and in her newly-created role will focus her attention on leveraged finance, covering Asia, including the Japan and India markets. Prasad also reports to Arnaudy.
Prasad jumps to Lehman to from Deutsche BankÆs Hong Kong offices, where she was previously a director in its debt product team, with responsibility for leveraged finance and high yield bonds in Asia.
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.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
Alternatives news roundup: Asia Pacific's alternatives market to hit $6tr by 2025; Indonesia's SWF to buy troubled toll roads
Asia Pacific alternatives market to grow to $6tr by 2025; Australian private capital assets rose to A$77 billion in mid-2020; Chinese authorities limit cash management products holding riskier securities; Indonesia's sovereign wealth fund to acquire several toll roads; Korean institutional investors support scheme to buy US asset-backed securities; and more.