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
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.
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
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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.