Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
The new Pacific-Rim equity platform will be lead by Nigel Beattie and Yasuhiro Fujiwara, which Merrill Lynch have appointed co-heads. In their newly-created roles, both internal appointees will report to Jason Brand, president of Pacific-Rim global markets and investment banking group (GMI) and to Rohit DÆSouza, head of global equities and AmericaÆs global markets.
Beattie, previously MerrillÆs head of Pacific-Rim equity investor client group, will focus his attention on the Asia-Pacific area, while Fujiwara, its former head of Japan equity trading, will take responsibility specfically for Japan.
According to Merrill Lynch, by unifying its Pacific-Rim equity structure, it will be able to use resources more efficiently and this will result in the faster roll out of new trading platforms and marketing strategies. Merrill says it will also enable the bank to have broader regional correlation trading books.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.