There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
ôAs we further expand, it makes sense to combine these two functions now as the core services offered by each are so similar,ö says Ford in Hong Kong. ôHedge funds with sophisticated strategies donÆt discriminate regarding what capital structures they take positions in. The industry has converged and our offering needs to be seamless across asset classes.ö
He will henceforth be reporting to Tom Callahan and Jeff Penney, global co-heads of marketing and financing services in New York. Given the added responsibilities, Ford says the firm needs to grow the regional team and is in hiring mode.
Meanwhile, operations heavyweight Ron Savino has joined Merrill Lynch in Hong Kong to support the build-out as COO and director for Asian prime brokerage. He has a long career in back offices, having served as COO at ING wholesale banking in Seoul and most recently as a consultant contracted to Goldman Sachs in Hong Kong.
ôRon has a wealth of experience and we need to make this appointment now in order to support our product development, project management, information technology and infrastructure,ö says Ford.
Savino will report functionally to John Thurlow, COO of global equity financing and services in New York, and Peter Graham, COO for Pacific Rim global markets and investment banking in Tokyo.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.