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
She will handle sales in FRMÆs new Hong Kong office and will continue to report functionally to Mark Reinisch, a director of FRM based in London.
Educated at Oxford and a Japanese speaker, Jones started her career in London at Barings. She subsequently joined Jardine Fleming and spent nearly seven years in Hong Kong during the 1990s.
In Hong Kong, the FRM office will be managed by Au King Lun, who used to work at HSBC where he was the head of international business, Asia-Pacific, for HSBC Global Asset Management.
FRM manages $15 billion in assets and is headquartered in London. In Asia, it already has offices in Japan and Australia which both opened at the start of the decade.
As well as the new Hong Kong office, FRM also says that it intends to open in Seoul, which is a market that has recently seen an explosion of single-country hedge funds. FRM will open in Seoul in 2008 with a view to getting licensing approval in 2009. The twin purpose for the pair of new offices is to service the firmÆs client base of investors and to strengthen research coverage for Asian hedge funds.
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.