MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
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.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
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SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.