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 will be supported by Sally Corbett, who joined the firm in Australia last year as a portfolio transition manager. Russell's transition management services group encompasses commission recapture and policy implementation, portfolio transition, rebalancing, interim asset management, agency currency execution and overlays, all of which are intended to help institutional investors' fund performance and reduce overall risk.
A Russell spokeswoman says the firm's business in Australia has grown enough to justify dedicating resources to tackle Asia more thoroughly. The firm used to have a transition management executive in Singapore, Gemma Dooley, but since last year when she returned to Sydney, she has been focused more on Australia.
Dooley will now report to Moore. Another factor behind the moves is a general trend toward decentralizing Russell's implementation services, so that the business is run on the ground from various regional hubs rather than solely from the United States.
Bruce Pflaum, Asia managing director in Singapore, adds that value-added services such as transition management should increasingly appeal to Asian investors in the current low-return environment, when every basis point counts and when volatility needs to addressed. Moore will report to Stephen Roberts, managing director of the Australian institutional business.
He joined the firm's Tacoma-based dedicated global portfolio transition team in 2000, which handles work for both Russell funds and separate client accounts
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.
The French fund house becomes the world’s largest responsible asset manager to help asset owners implement sustainable investing, underlining its serious commitment to ESG.
The long-waited infrastructure Reits have finally arrived in China and, while experts see a slow start with hurdles ahead, they say it will later move to a 'big bang'.
AsianInvestor reveals the second half of the standout funds in our latest awards, including equity funds, the top Reit and the best smart beta vehicle.