Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
Xie comes to the Australian firm as managing director and head of China private equity. He makes the move from BOC International and will now report to Andrew Low, Macquarie's head of Asian corporate finance.
At the investment banking subsidiary of Bank of China, Xie was managing director and founding chairman of its private equity group. Prior to BOC International, he was chief investment officer at TOM Group.
He has also held the title of chairman and CEO of TOM Outdoor Media Group and managing director and partner of Simplex Capital Asia. His career has also included an executive director role at the First Eastern Investment Group.
Elsewhere in MacquarieÆs corporate finance division, Zhang will take on responsibility for the China telecoms and utilities sector. She will also be a managing director and report to Low.
She joins Macquarie from Deutsche Bank, when she was head of the German bank's China investment banking team. Her resume also includes stretches at Goldman Sachs and Bear Stearns.
Regulators keep their eyes open on tightening insurance industry by introducing more detailed risk management requirements, which could bring pressure on smaller players.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
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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