After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Dominic Hudson will head the team based in RBCÆs Sydney office. He is accompanied by Stan Nikiforou, Rim Foy and Matthew McKenna, all who departed Rothschild to join the new division.
The quartette will report to Wayne Jarman, vice-chairman of RBC Capital Markets in Australia and Adrian Bell, global head of infrastructure finance.
Their job is to originate domestic and global deals, and to provide local expertise to RBCÆs international clients looking to bid for assets and projects in Australia and New Zealand. The firm wants to offer investing banking services to the public and private sectors, and arrange financing for infrastructure, transport, utilities and essential services.
RBC, as a bank, has operated in Australia for many years and RBC Capital Markets is an underwriter, for example, of Kangaroo bonds.
The firm hopes to build on its success in Europe where it has recently advised the French national rail infrastructure company Reseau Ferre de France on the Ç1.2 billion rail bypass from Nimes to Montpelier. It has also worked on the privatisation of the Brussels and Copenhagen airports, the M1/Westlink road in Ireland and the M77 motorway in the UK.
In the US, RBC was co-arranger for the debt financing of Macquarie BankÆs acquisition of Connecticut-based water utility company Aquarion.
Brunei Investment Agency names head of real estate; Former Temasek CEO Ho Ching joins EQT Future's mission board; APG managing director for global real assets relocates to Hong Kong; Manulife Hong Kong appoints chief financial officer and chief product officer; Wayne Swan commences as Cbus chair; AXA IM appoints head of client group alts Asia; and more.
Census experts say China's population will start to decline at least five years earlier than expected - investors are being warned to keep a weather eye on inflation and structural shifts.
Family offices in Hong Kong want to do more impact investing, but the paucity of ESG talent and the lack of uniform reporting standards are real issues for them.
An impending series of interest rate increases and the deterioration in relations between Russia and the West over Ukraine have worried investors in recent weeks, hence the volatility in US equities in particular.