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.
Lord relocates to MacquarieÆs Hong Kong offices to cover HSBC and Standard Chartered. In his new role, he will work closely with Chris Esson and Christina Fox, who both cover Hong Kong and China banks.
In addition to this responsibility, he will also undertake a broader banking sector role within the organisation, which will require close interaction with Ismael Pili, who leads MacquarieÆs banking sector team from Singapore.
Lord joins Macquarie from Deutsche Bank in London, where he was co-head of European banks research. His resume also includes roles at Citigroup, where he covered UK Banks.
In Bangkok, the firm has hired iMacDonald to cover Thai banks and beef up its country research product. MacDonald's appointment follows his back-to-back triumph in FinanceAsiaÆs annual competition to predict the year-end close of the FA100, an index tracking Asia ex-JapanÆs most profitable companies.
He joins Macquarie from Finansa, a Bangkok-based brokerage, where he was head of research and heavily involved in setting up its research capabilities. Prior to joining Finansa in 2002, MacDonald was head of regional banks research at BNP Paribas Singapore.
The appointments are in line with MacquarieÆs recent research splurge, which has included new signings in the property, utilities and economics teams. The new members join an existing nine-strong banking team.
Both new hires will split their reporting lines to Mark Rosenfeld, deputy head of research, Asia and to David Rickards, the Hong Kong-based global head of equities research.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
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