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
Wendel is expected to broaden LehmanÆs equity client franchises throughout Asia. Lee comments: ôChris Wendel's outstanding track record will be a significant boost in helping bring the firmÆs Japan and Asia franchises to the next level. His appointment reflects our continued commitment to expanding our Asia business.ö
Wendel was appointed managing director at Goldman Sachs in December, 2001 and most recently held the position of co-head of pan-Asian distribution for the equity product group at Goldman Sachs in Tokyo. He holds a masters from the Fletcher School of Law and Diplomacy at Tufts University and is currently a member of Tufts Asian Advisory Group. Prior to that he received a Bachelor of Science degree in foreign service from Georgetown University.
Lehman has been on a hiring spree of late in an effort to strengthen its presence in Asia. It recently announced the recruitment of Dr Wei Yen as managing director and head of ratings advisory for Asia, Juhi Prasad as senior vice president, head of leveraged finance for Asia, Hiroshi Wakutsu as head of global finance in Japan and Terence Lim as head of global finance solutions for Asia.
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.