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.
Kirby replaces former COO for Asia-Pacific Richard Laton, who has decided to retire from finance industry. Laton worked for RBS for 12 years and in the financial industry for over 20 years.
In his new Hong Kong-based position, Kirby will split his reporting duty. Locally, he will report to John McCormick, chief executive, global banking and markets, Asia-Pacific and globally, his reporting line will be to John Hourican, chief operating officer, global banking and markets.
He transfers from the firmÆs London offices where he was its chief operating officer for Europe. Outside of RBS, Kirby worked for both US and European investment banks in New York and London.
Global investors are advised to look selectively at Japanese equities as the country recovers from lockdown and continues to improve corporate governance.
Sun Life considers launching second ESG fund in Hong Kong as it banks on the growing theme; NPS lowers exposure to large-cap and other domestic shares; Temasek's Vertex Technology Acquisition Corporation becomes first special purpose acquisition company on the Singapore Exchange; and more
IHS Markit research points to better dividends but a lower payout ratio.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.