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
The Singapore office will act as a research and product development hub supporting PenganaÆs international funds management activities. It joins PenganaÆs global headquarters in Sydney and other offices in Melbourne, London, Chicago and Connecticut. The fund house manages around A$1.4 billion worldwide.
Russel Pillemer, CEO of Pengana Capital, says the Singapore office forms an important part of PenganaÆs Asia-Pacific regional growth strategy.
ôWith our strong capital base and long-term focus, we believe we have strategically timed our entry into this market,ö Pillemer says. ôThe Asian region is a key driver of global economic growth. Having expert investment professionals on the ground will help us identify and evaluate investment opportunities as they arise and will enable our clients to capitalise on this growth.ö
Pengana manages an Asia Special Events Fund and an Asian Equities Long Short Fund.
The three investment professionals based in the recently opened Singapore office û Douglas Isles, Ashley Durante and Vikas Kumra û are charged with research and product development initiatives across the Asian region.
Isles, who will head the Singapore operation, believes markets across Asia present great long-term opportunities for investors.
ôWhile many peers are downsizing, there is a paradox that the apparently tougher marketing environment is accompanied by an improving investment climate,ö Isles says.
Isles joins Pengana from Platinum Asset Management where he spent five years as an investment analyst covering global equities with a focus on industrials. Prior to his role at Platinum, he was employed as an actuary with Commonwealth Bank of Australia and as an investment manager with Aegon in the UK.
Durante joins the Pengana Asia Special Events team as a fund manager. He was previously a portfolio manager for the Osmium Special Situations Fund, a global event driven fund managed out of Bermuda. Before that, he spent over five years at Carrousel Capital based in London, focusing on global equity event-driven arbitrage.
Kumra brings local knowledge to the team, having worked previously at the Credit Suisse HOLT Division in Singapore, undertaking fundamental analysis on companies in the Asia-Pacific region.
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.