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.
3i has brought in a BPO expert to spearhead its foray. BhargavaÆs last job was as chief executive officer of Progeon, InfosysÆ BPO subsidiary. Under BhargavaÆs stewardship Progeon grew to an $86 million business with more than 7,000 employees.
3i announced its focus would be on buyouts with a value up to $1 billion or growth capital investments up to $150 million. Specifically, within the BPO sector 3i will look at companies with minimum revenues of Ç100 million in the financial services sector in the UK, Germany, the USA and India. Head of group markets, Chris Rowlands comments, ôThere are many exciting opportunities in the BPO market internationally. We are delighted that Akshaya has joined 3i to lead this new sector focus across our private equity business.ö
Bhargava has come full circle in returning to financial services as he took over at Progeon in 2003 after a 22 year long career with Citibank - where he was based in India, the Czech Republic and the UK. Bhargava has an MBA from the Indian Institute of Management, Calcutta.
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.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.