After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
In the newly created role, Putica reports to Justin Balogh, the Tokyo-based senior managing director and head of State StreetÆs transition management business in Asia Pacific.
Transition management is a product set that assists clients with portfolio risk management and advisory solutions, which also includes, efficiently transitioning securities between portfolios when funds change investment managers, manage fund-level cash flows or rebalance asset allocations. Typically, banks like State Street with transition management capabilities target pension investors and in markets like Australia, service the countryÆs massive superannuation asset pool.
In the past three years, State Street has managed over $1 trillion of transition mandates for its global client base and has plans to continue its expansion into the Asia-Pacific region with increased headcount.
ôWe continue to expand the Asia-Pacific team and look for growth opportunities both in business activity and staffing,ö says Balogh. ôThis addition to our Sydney team reflects State Street's commitment to servicing the Australian marketplace through the sales and delivery of market-leading transition management, research and advisory solutions."
Putica crosses to State Street from BNP Asset Management in Australia and brings over eight years of Australian funds industry experience. For this firm he was most recently a business development manager targeting the superannuation segment.
New Zealand has sufficiently satisfied US national security regulations to be granted temporary exemption from restrictions on investing in sensitive sectors.
The sovereign wealth fund is exploring a new investment model as it manoeuvres a post-Covid world, an uncertain interest rate environment, and higher-priced assets.
Following a dismal 2021 performance, Chinese equities have rallied so far this year, as investors begin moving into sectors that were previously untouchable due to an uncertain regulatory outlook.
The appetite of institutional investors for green, social, and sustainable bonds that bring clear environmental and socio-economic benefits shows no sign of waning.