There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Shome is not a career investment banker. Indeed, he last held a position in corporate banking, heading CitigroupÆs franchise for India and the sub-continent, a role he took on just a year ago in November 2005. When Shome was appointed to that role he also maintained the handing of the bank's financial institutions portfolio. Shome has also held the position of head, financial institutions group for India and neighbouring countries Sri Lanka, Bangladesh and Nepal.
Sources commented that bringing a senior relationship banker on board reflects how difficult it is becoming to break into mandates in India without access to key decision makers.
Shome is a career Citibanker who joined Citigroup in 1988 and spent 17 years across a variety of product and sales roles including a stint in Dubai as unit head for the mortgage group.
Lehman is keen to establish its investment banking franchise in India and part of JotwaniÆs mandate is to build a team. This is no easy task at the current juncture, given competition from others such as Credit Suisse and Goldman Sachs, who are also aggressively expanding their India coverage.
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.