Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Both Desai and Shah are MDs within Morgan Stanley India. Desai joined Morgan Stanley in Mumbai in 1997 and was most recently head of India research.
Shah joined JM Financial in 1996 and was most recently head of sales. In announcing the appointments, chairman Nimesh Kampani stresses that the two have, ôproven leadership skills and the right credentialsö and are well placed to ôbuild on the firmÆs tremendous success in India.ö
Speculation has been rife about Morgan StanleyÆs plans following Merrill Lynch's decision to buy out its joint venture partner DSP owned by Hemendra Kothari. Morgan Stanley currently owns 51% of the securities venture and 49% of the investment banking arm. India has become one of AsiaÆs hottest investment banking markets especially as global firms are eager to offer their clients setting up in the country, both corporate and on the funds management side, a comprehensive range of services.
Weekly investor roundup: Cathay Financial expects rate hikes to boost returns; NPS' enlarged stewardship role faces pushback
Cathay Financial Holdings anticipates that interest rate increases will help boost profits in the coming year; Korea's National Pension Service meets protest from the business community after move to enlarge stewardship role; MAS bans crypto advertising to the general public; Japan's GPIF appoints managers for fund of funds mandate; GIC returns for Checkout.com's Series D funding; and more
Despite Evergrande's woes, Allianz is still bullish on Chinese property and infrastructure, although it has slowed down its investment process.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Signatories are advocating for a robust policy on plastic pollution amid concerns that states would support a less ambitious mandate.