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 joins his new firm from Banc of America Securities (BoA) and will start work on March 1. He will report locally to Elbert Pattijn, head of debt products origination and functionally to Philippe Follebouckt, global head of debt capital markets.
At BoA, Schmidt spent three years as co-head of debt capital markets origination for Asia emerging markets also based in Singapore. During his time at BoA, the group originated and executed its first international benchmark bond from Asia.
Prior to BoA, Schmidt spent a number of years in the debt capital markets group at HSBC, and has also been head of Asian debt origination for Nomura. He first came to the region with Deutsche Bank, where he worked in the German bank's debt capital markets and corporate finance divisions.
ôWithin the debt products team û debt capital markets, securitization and loans syndications - we completed a number of high profile transactions across the products, but felt that DCM needed more senior support, particularly as we see the G3 bond market continuing to develop,ö says Pattijn. ôFlorianÆs long-standing experience in Asian and emerging markets debt will help ING field a team of senior bankers who can ensure that we always deliver flawless execution.ö
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
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
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.