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.
Like his new boss, Rakesh Mital has been hired from General Electric, where he served as chief credit officer for GE Global Electronics Solutions in San Diego. Before then he worked at the corporate headquarters of GE Commercial Finance in Stamford, Connecticut as a senior risk manager. Previously he worked in Hong Kong from January 1999 as the chief risk officer for various Asian-focused GE Capital businesses.
Julian Ball arrives from the Hong Kong office of JPMorgan where he ran both its Asian financial restructuring and power/utilities businesses. Before that he was an investment banker in the same company, having started out in Ernst & Young corporate finance and management consulting.
Ritchie is an alternatives asset manager involved inter alia in private equity, venture capital and hedge funds. This year, the company is also opening up in India and in future will consider offices in China and Japan.
Ritchie was established in 1997 and is headquartered in Chicago. Its Hong Kong office is its Asian beachhead. Business-wise it is focusing on high-growth economies in Asia, in particular China, India, Japan, Korea, Taiwan, Australia and Singapore. The firm is interested in deals of three or four yearÆs duration with mostly mid-market growth companies or those in special situations. It is not going into head-on competition with either specialised buy-out or classic private-equity funds, but seeks a space in between.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.