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
Hiroshi Toda, presently Nomura's deputy president and chief operating officer (COO), with responsibility for the groupÆs entire global operations, will serve concurrently as the president and chief executive officer (CEO) of Nomura Asia Holdings. According to the Japanese firm, the newly created role will be more hands-on and reflects his greater involvement in its Asia operations. It will take effect from 1 April.
Under the new structure, Toda will also support Noriyasu Yoshizawa, senior managing director, Nomura Securities and a board member of Nomura Asia Holdings, in charge of mainland China, in order to further expand its China business and infrastructure development.
In addition, Yoshinori Go will take on the role of co-president and COO of Nomura Asia Holdings. Also effective 1 April, Go will also continue in his current position of president and CEO of Nomura International (Hong Kong).
Elsewhere in the Nomura universe, the bank has also appointed Thaddeus Beczak as chairman of NAH. The 20-year Asian veteran takes on the role after serving the group as a senior advisor in Hong Kong and sitting on several outside committees such as the advisory committee of the Securities and Futures Commission of Hong Kong. Beczak has also held senior positions including committee member of the Hong Kong Association of Banks and the title of president at JPMorgan Securities Asia.
Finally, Nomura has also announced that Kunio Watanabe will take on the post of co-president of Nomura International (Hong Kong). Currently, he is managing director, financial institutions department, Nomura Securities, which he has held since July 2004.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.