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.
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.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.