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
Damien Chunilal, president, global markets and investment banking, Pacific-Rim, Merrill Lynch drew attention to the fact that the move underscored the firmÆs commitment to India and that the new appointments would ôstrengthen our already impressive management team in India and enable us to better find relevant solutions for our clientsö. ChunilalÆs optimism was shared by DSP Merrill Lynch chairman Hemendra Kothari who commented: "We welcome PatriciaÆs promotion to vice chairman of investment banking and MuneshÆs arrival as important additions to the senior management team".
McLaughlin has worked with Merrill Lynch since 2001 and has two decades of experience covering Indian clients. She will work closely with Amit Chandra, head of India global markets and investment banking, to drive the expansion of the overall franchise in India. Chandra was also upbeat saying ôthe combination of Patricia and Munesh will help significantly to further our leading investment banking franchise in the country".
With various investment banks in India beefing up operations, the competition for mandates and revenues from advisory businesses is expected to intensify going forward. Traditionally, India has not yielded investment banks the lucrative fee-paying mandates of other Asian markets, particularly China. Obviously this time round all the key players are gambling that things will be different. Merrill seems to be laying the foundation for what it is hoping will be a bright future.
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.
The asset allocation matrix is becoming more complex as investors look for new sources of returns beyond traditional asset types. How can investors measure and maximise returns in compounded portfolios?
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
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.