Responsible investing includes allocating to poor-ESG performing EM countries and helping them shift to greener solutions, instead of divesting completely, experts said.
Lamb has over 20 years of property experience. Most of his career has been spent in the United States working for closed-end funds investing in real estate and private equity, including at The OÆConnor Group and Morgan Stanley Real Estate Funds (Mesref), the latter job including a stint in London.
Then at AIG Global Real Estate Group he ran a brownfield (environmental clean-up) fund, but that role ended when AIG ran into accounting problems and had to cut funding to riskier investments on its balance sheets. (The fund had not yet been marketed to investors.)
Casting about for a new role, he moved to China via old friends, serving as senior vice-president at Gerrity International, a JV between developer Gerrity, Morgan Stanley and Shenzhen ITIC, to develop hypermarkets in second- and third-tier cities. Lamb set up the Shanghai office, oversaw project development and design, and ultimately hired his local replacement.
With that success under his belt, he decided he wanted to remain in Asia. ôWhen it comes to real estate, this is the interesting part of the world,ö he says.
Hence the Russell job, to which Lamb brings an experienced perspective. ôItÆs like IÆve spent my career in the kitchen but now IÆm a restaurant critic. I know how the sausage is made, I know a lot of the other chefs.ö
That will help him æcritiqueÆ the regionÆs budding universe of property investors and at some point allow Russell to develop an Asia-Pacific multi-manager product for real estate. If so, Lamb would likely serve as portfolio manager. ôIÆm here to get a handle on country and regional funds,ö he says. ôClients in Europe and the US are looking for Asia exposure, and we have regional clients, particularly from Japan and Australia, that are also interested.ö
Russell already covers real-estate managers in Australia, Japan and India, but so far research is done from the US or Europe. Having Lamb on the ground in Singapore will allow both deeper and wider research for the region. He reports to Bruce Pflaum, RussellÆs managing director for Asia, also based in Singapore.
Inflation, fluctuating interest rates, Covid-19 shutdowns, and sporadic reopenings have led to bouts of volatility in the market, with tech stocks bearing the brunt of the selling over the last month.
Amid today’s macro landscape and the need to rethink portfolio planning, asset owners in Asia Pacific are more eagerly embracing responsible investing, says Nuveen’s Simon England-Brammer.
Aware Super appoints deputy CIO and head of governance; AustralianSuper promotes chief risk officer to replace Paul Schroder; Raffles Family Office adds two new roles to independent advisory board; Amundi appoints South Asia CEO; Barclays names China chief executive; Zico hires head of advisory in Singapore; Capital Group names head of HK client group; and more
Nearly 50% of institutional investors and family offices in Asia Pacific intend to increase the number of external managers for their thematic investments in equities over the next 12 months.