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.
The new offices complement MourantÆs presence in Cayman, Dubai, Guernsey, Jersey, London, Luxembourg, New York and San Francisco.
ôMany of our clients have an international focus and continue to look for deal opportunities which often span jurisdictions,ö says Ian Lambert, CEO at Mourant International Finance Administration, who is based in the firmÆs headquarters in Jersey in the Channel Islands.
ôItÆs important to us that we are well placed to help our clients manage funds which require multiple jurisdictional structures,ö he adds.
The Hong Kong and Singapore offices will focus on providing private equity, real estate and hedge fund clients in Asia with fund administration services. At present, Mourant administers around $145 billion in these asset classes worldwide.
ôOur research tells us that not only is the private equity industry [in Asia] growing in size, but there are increasing needs among fund managers in the region to find high quality service providers to outsource their non-core administration services and reporting,ö says Steve Cartwright, London-based head of marketing at Mourant.
Tim Mann heads both offices from Hong Kong, where he has been based for the past 15 years.
Mann joined Mourant in September from Fortis Prime Fund Solutions, where he spent more than 11 years, the last four as managing director. Before that, he spent more than seven years with Ernst & Young in London and Hong Kong where he specialised in providing audit and advisory services to companies in the financial services sector.
ôMourantÆs aim is to provide a seamless cross-jurisdictional service to the alternative investment industry,ö Mann says.
The Singapore office is headed by Cengiz Somay, who recently transferred from his role as head of group strategy at MourantÆs office in Jersey.
The Hong Kong and Singapore offices will provide exactly the same services initially, focusing on clients local to their jurisdiction.
Signatories are advocating for a robust policy on plastic pollution amid concerns that states would support a less ambitious mandate.
The Covid-19 variant is unlikely to cause distress for investors banking on global recovery, but quarantine restrictions in Hong Kong are set to put the bite on any comeback.
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.
The family office of Alibaba's co-founder likes to do its own hands-on due diligence and favours deals that can make a difference, rather than investments for the sake of ESG.