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
The bank's core fund services capabilities and activities have also been enhanced with the roll out of new so-called best of breed systems for accounting and alternative fund investor servicing.
These enhancements are aimed at providing clients with single- and multi-market solutions across an increased product and asset range together with improved local language and customised reporting. The services are developed for the bankÆs client base of asset managers and insurance companies in Asia.
Alastair Pow, global product head of fund services at Standard Chartered Bank, says the group is growing market share this year by supporting clients with the solutions and advice they need.
ôWe will continue to strengthen our strong focus on Asia's investment industry and to add to our people bench strength,ö says Pow.
Standard Chartered BankÆs securities services focuses on custody, sub-custody and fund administration across Asia, Africa and the Middle East. It is part of the bankÆs transaction banking business, which also provides cash management and trade services.
The bankÆs securities services clients comprise of global custodians, broker-dealers, and international and local institutional investors from North America, Europe, Asia and the Middle East. As a sub-custodian, the bankÆs services include securities settlement, safekeeping of securities, monitoring and action of corporate events, proxy voting and provision of market information. The bankÆs fund services û extended primarily to local investment managers û comprise of daily valuation, segregation of assets, consolidated reporting, cash analysis and forecasting, as well as reconciliation of cash positions and securities records.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.