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.
Reporting to Donald Stewart, chief executive officer of Sun Life Financial, Rajotte will have overall responsibility for its businesses in Hong Kong, China, the Philippines, Indonesia and India.
Rajotte officially takes over the role from Douglas Henck, who retired from his post last year. During his five years at Sun Life, Henck played a substantial role in building the firmÆs Asia headquarters in Hong Kong and establishing its Indian joint venture Birla Sun Life. He was also instrumental in opening its China venture and in the July 2005 acquisition of CMG Asia and CommServe Financial.
Since HenckÆs retirement, C James Prieur, Sun LifeÆs president and chief operating officer, looked after the Asia business. Recently, Prieur left the firm to become chief executive officer of US insurance company Conseco.
Rajotte joins Sun Life from MetLife International, where he was most recently managing director, Asia-Pacific region. His appointment follows the recent announcement by Sun Life that Peter Kong has joined the firm in Hong Kong as vice president and head of group and pensions business.
In its second annual sustainable investment report, the sovereign wealth fund says it invested $1.79bn in ESG bonds. Experts say asset owners next need to consolidate their standards.
Senior executives at the Taiwan financial group and Canadian pension fund believe that companies have to make an ESG transition, and may not have a choice in a few years.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.