The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
He has served as Asia-Pacific CIO for the past five years. The firm is now searching for his replacement among internal and external candidates. Gunning will now oversee $200 billion worth of multi-manager portfolios run by a team of around 300 professionals, as well as bring Asian expertise to the top role.
He succeeds Tom Hanly, who has been moved to the role of chief operating officer. Both Gunning and Hanly report to Craig Ueland, president and CEO. Ueland says GunningÆs record of investment innovation and ability to leverage RussellÆs global relationship with investment managers made him the most suitable person to take responsibility for the entire investment process.
Gunning, who will begin his new role in mid-February, will oversee RussellÆs investment management and research activities. He will also join its executive committee as well as remain a member of its investment committee.
He joined RussellÆs Sydney office in 1996 and served in a number of roles within investment management and manager research for Australia and Asia Pacific, including responsibility for equity and fixed-income portfolios for Japan and Australasia.
The Asia-Pacific investment teamÆs other members, including Symon Parish, James McSkimming, Kathy Cave and Clive Smith, will maintain day-to-day operations. Until a full-time replacement is found, Gunning will retain his role running Asia-Pacific, with the team members reporting to him.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.