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
Lehman has also announced simultaneously that Hong Kong shares can be traded via its Liquidity Cross dark pool system.
LehmanÆs India business is run by Tarun Jotwani. India came under the spotlight in LehmanÆs spring quarterly earnings announcement when the value of an investment in KSK Energy Ventures Limited, an Indian power company operating three power stations, was marked up from its $86 million purchase price a mere six weeks earlier to nearly $600 million. Analysts marvelled about the dizzying increase in value-added in such a brief time.
In other Lehman news this week, Richard Norris of the prime broking department is moving to Singapore where he will head Singapore sales and regional prime broking consultancy. In June, Norris competed in the Gobi March, a 150-mile race across the Gobi Desert, where he finished in a high position.
Last, but not least, Jasjit "Jesse" Bhattal, CEO of Lehman Brothers Asia-Pacific and the guiding light of Lehman Brothers Asia for the last decade, will shortly be returning to live in Hong Kong where he will continue in his current role. As head of investment banking he spent much of the 1990s in Hong Kong with Lehman, reporting to then Asia-Pacific chairman Dan Tyree, but has since been based in Tokyo. Lehman declined to comment on the reasons behind the relocation.
Investors still favour private equity assets for their higher growth, better governance structures, and diversification potential.
The recent focus on greenwashing has put bond issues under greater scrutiny. However, some market participants believe this risks paralysis by analysis.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.