In new statements on the extent of greenwashing in the fund management industry, Desiree Fixler highlights some uncomfortable truths about sustainable investing.
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.
CDPQ's Ivanhoe Cambridge hires ex-GIC real estate expert; NZ Super adds board member; Future Fund appoints chief people officer; BlackRock real estate CIO joins Singapore's Capitaland; AMP Capital hires MD for energy; Northern Trust AM names new CIO; T Rowe Price hires AU and NZ institutional head; Nuveen hires Southeast Asia institutional head; Citi names sustainability head in Singapore; and more
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.