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.
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.
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.
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.