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
Johannessen has lived in Hong Kong since 1996 and spent the past seven years running searches in the Asian hedge-fund and private-equity industries. He co-founded the Hong Kong boutique Brasch Partners and, according to the company website, also was partner at AuxoGlobal, a search firm specialising in the venture-capital industry. Prior to helping found Brasch, he ran corporate finance and private equity at Henderson Baillieu as well as served as recruiting partner at Techpacific Capital, a VC firm. He got his start in Asia as a currency trader and is proficient in Mandarin and Japanese.
He now reports to Brian Korb, partner in New York, who says the new position will allow the firm to enhance its services to clients that are increasingly focusing on Asia. He says Glocap can now access candidates with Asia investment capabilities for global hedge funds, funds of hedge funds, private-equity firms, distressed investors and real estate investors.
There is also a supply of professionals now in the United States of Asian origin or with previous Asia experience that are looking to return to the region, says Johannessen, who will initially be based in New York but will split his time in Hong Kong.
Glocap has offices in London as well as other cities in the US.
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.