In new statements on the extent of greenwashing in the fund management industry, Desiree Fixler highlights some uncomfortable truths about sustainable investing.
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.
CDPQ's Ivanhoe Cambridge hires ex-GIC real estate expert; NZ Super adds board member; Future Fund appoints chief people officer; BlackRock real estate CIO joins Singapore's Capitaland; AMP Capital hires MD for energy; Northern Trust AM names new CIO; T Rowe Price hires AU and NZ institutional head; Nuveen hires Southeast Asia institutional head; Citi names sustainability head in Singapore; and more
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.