The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Rumours were also rampant that global boss, John Mack wanted to revamp the Asia leadership, and was particularly unhappy with the firmÆs China strategy. His solution to the China issue was to hire Wei Christianson from Citigroup. A longtime colleague, Christianson had followed Mack to CSFB, after having worked for him at Morgan Stanley.
And now it seems that the revamp of the Asia leadership is also being addressed with the news that Hans Schuettler has been appointed the new chief executive officer for Asia.
SchuettlerÆs appointment is being highlighted by Morgan Stanley sources as, ôadding extra bandwidthö to its Asia-Pacific management structure. The German banker is being relocated from Europe where he was the co-head of European investment banking, and country head for Germany û managing some of the firmÆs most important European investment banking relationships.
Schuettler, who joined Morgan Stanley in 1990, will have two reporting lines. One is to Morgan StanleyÆs co-president, Zoe Cruz, and the other is into Asia chairman, Alasdair Morrison.
Morrison, who previously held the joint roles of chairman and CEO for Asia, will give up the latter title on Schuettler's arrival. Morrison will, however, remain a member of Morgan StanleyÆs 19 person global management committee.
Mike BerchtoldÆs role as president for Asia-Pacific remains unchanged.
SchuettlerÆs position will see him based in Hong Kong and running the whole region, including Japan.
There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
As Covid restrictions continue to put the bite on travel, Australia's superannuation funds are seeing mileage in spending big on communications and digital infrastructure.
Sunsuper and QSuper appoint CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.