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
In their new Asian equities-focused roles, Weir serves as a portfolio manager while Maxwell-Davis is responsible for research on financials. Based in Singapore, both Weir and Maxwell-Davis report to Ashish Goyal, chief investment officer for Asian Equities.
Weir joins Prudential from Aegon UK, formerly Scottish Equitable, where she was head of Pacific equities. She joined Scottish Equitable in 1984 and held a number of positions involved in the management and growth of Asia-Pacific equity portfolios.
Maxwell-Davis was formerly a banking analyst and joins Prudential from Morgan Stanley where he was head of Asean sales. Previously, he held various positions at Credit Suisse First Boston and KPMG.
Prudential Asset Management is the fund management business of UK-based Prudential plc in Asia. It manages assets on behalf of a wide range of retail and institutional investors across the region and has $66 billion in assets under management. It has fund management operations in 10 markets û China, Hong Kong, India, Japan, Korea, Malaysia, Singapore, Taiwan, Vietnam and the United Arab Emirates. With most markets dominated by local players, it is the only foreign asset manager in the top five position in more than one Asian market.
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.