Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
The new office will be headed by Tim Peach, head of sales for Man Investments in Southeast Asia. He will be joined by two other members of staff and there are no concrete plans at this stage to grow the team any further. In Singapore, there is already a team from the RMF wing of Man, which is searching for hedge fund managers in which to invest.
A spokesperson for Man Investments told AsianInvestor that the growth of demand and emergence of Singapore as a regional hub necessitated this expansion. Peach will work closely with Man's Singapore-based intermediaries from where 80% of investments from the Southeast Asian region are sourced, and he will build on relationships with institutions.
James Man, founder of the group, started supplying rum to the British Navy in 1783, well before Sir Stamford Raffles sailed east to the Indies, establishing Singapore in 1819. In the 1990s, ED&F Man International acquired Standard Chartered's brokerage operation, establishing a presence in Singapore and later bought Tullett's futures & options business in Singapore.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.