Only recently dispatched to Singapore by Lehman, Dan McNicholas is whisked back to Hong Kong to work for Merrill Lynch.
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Dan McNicholasÆs move from Lehman Hong Kong to Lehman Singapore was announced only two months ago. He had gone there to supervise Lehman's plan to build a prime broking presence in Singapore. Yet he has now been liberated from Lehman and trafficked straight back to Hong Kong to work for Merrill Lynch.
McNicholas has the title of director on the financing sales team in Hong Kong and will have primary responsibility for selling financing services to quantitative and professional trading clients. He will report to regional co-head Eddie Guillemette.
Prime broking director at Merrill, Paul Thomas, will relocate to Hong Kong from Australia next month. He manages the financing relationships in the region and will be part of the financing sales team located in Hong Kong. He continues to report to Eddie Guillemette.
Additionally, Phil Pineo is joining Merrill Lynch as a vice-president in the financing sales team in Australia. He will have primary responsibility for selling financing services to Australian clients. He joins from Satellite Asset Management in London. He has also worked for GlobeOp, UBS and Morgan Stanley, all in the UK. He will report to Paul Thomas functionally and John Laws locally.
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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.
China Life names Yuan Changqing as acting chairman; Future Super hires operations chief; China Life Franklin Asset Management CIO and deputy CEO leave; Willis Towers Watson has hired Kameswara Natakusumah as head of Indonesia; Prudential hires ex-Apac CEO for Allianz George David Sartorel as a non-executive director; Manulife IM hires into multi-asset solutions team in Asia; PineBridge Investments hires from BNY Mellon IM; and more.
Companies in major indices across developed markets will be expected to issue climate-related disclosures and have a third of their boards comprise women by 2023.
The chair of China Life Insurance is under investigation for "serious violations of discipline and law"; Korea's National Pension Service was found to have been passive with efforts to mitigate climate change; Singapore's NTUC Income plans to spin off insurance business to new company; Temasek leads $300 million funding round alongside Qatar's SWF for Carsome Group; and more.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Asset owners can boost returns through alternative allocation, the head of alternatives at the Brunei Investment Agency says, as she takes on an expanded role.
Fund managers both praise and begrudge broad-brush regulation sparked by the collapse of Lehman Brothers five years ago this weekend. In Hong Kong, there is one point of universal agreement.
Choo Heung Sik, CIO at Korea Investment Corporation, says continued references to the fund's failed $2bn stake are blind to its progress since. He outlines big alternatives plans and structural changes.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
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.
