MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
In his new job he will report to Melvyn Ford, regional head of global markets financing and services based in Hong Kong, and to Dan Ritchie, Merrill LynchÆs Australian head of equities.
Australian-born Laws moves from New York where he previously worked as global head of funding and liquidity management. He will now run a 40-strong team which is already in place.
The business comprises of equity and fixed income prime brokerage, stock loan, margin lending, structured financing, financial futures and a third-party clearing operation within Berndale Securities.
As well as servicing hedge fund clients it will also cater to other institutional and retail customers.
Merrill Lynch says that it thinks now is a good time to continue to build this business in recognition of the growth of AustraliaÆs hedge fund community, which is now the largest in Asia Pacific, and because Australia now has the worldÆs fourth largest investment pool.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.