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
The only executive to go is Mike Katz, a 13-year CBA veteran and group executive of premium business services.
Stuart Grimshaw takes KatzÆs place, handing his wealth management role to Grahame Petersen who, in turn, hands his group strategic development role to Hugh Harley. HarleyÆs beat of retail banking services goes to Michael Cameron who is currently in charge of finance and risk management.
Gary Thursby becomes acting group executive for finance and risk management.
Other leadership positions remained unchanged: Les Cupper in people services, Garry Mackrell in international financial services and John OÆSullivan in legal services.
And Michael Harte will join the bank in early April as head of technology services.
Norris took over the top job at CBA from retiring chief executive David Murray at the end of last year. He will announce the bankÆs strategic direction on March 30.
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.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.