After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
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.
Brunei Investment Agency names head of real estate; Former Temasek CEO Ho Ching joins EQT Future's mission board; APG managing director for global real assets relocates to Hong Kong; Manulife Hong Kong appoints chief financial officer and chief product officer; Wayne Swan commences as Cbus chair; AXA IM appoints head of client group alts Asia; and more.
Census experts say China's population will start to decline at least five years earlier than expected - investors are being warned to keep a weather eye on inflation and structural shifts.
Family offices in Hong Kong want to do more impact investing, but the paucity of ESG talent and the lack of uniform reporting standards are real issues for them.
An impending series of interest rate increases and the deterioration in relations between Russia and the West over Ukraine have worried investors in recent weeks, hence the volatility in US equities in particular.