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.
"In a competitive financial advisory and investment banking business attracting talent is key," says Amit Chandra, managing director at DSPML. "The new hires will further strengthen the organisational configuration and reinforces Merrill Lynch's commitment to India."
DSPML is broadening its debt origination coverage to other countries in the Indian sub-continent and has hired Rakesh Singh as director and head of India, Pakistan and Sri Lanka, Debt Capital Markets. Singh was earlier director and head of debt capital markets at Standard Chartered Bank.
Pankaj Kalra has been appointed director and head of oil & gas and financial sponsor coverage. He is moving from London where he headed the Merrill Lynch private investment bank. Kalra previously also worked with Merrill Lynch in the Asia Pacific, as well as with National Australia Bank.
Shailesh Shirali will go on board as director within the global asset-based finance, securitisation and principal investments group, while Shyamal Karmarkar will join the same group as a vice president. DSPML has poached both Shirali and Karmarkar from Rabobank Finance.
Finally, Vidyadhar Ginde joins as senior director in research to oversee the oil & gas and petrochemicals sector. Ginde moves to DSPML after a decade in research across sectors, most recently with HSBC.
All the positions are based in Mumbai.
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.