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
Vaswani himself had moved to Bessemer as entrepreneur-in-residence in September 2004 from Walden International where he was managing director. Bessemer is one of Silicon ValleyÆs early venture capital firms and Vaswani came on board to evaluate investment opportunities among firms with US-India cross-border activities. Vaswani had previously joined Walden in early 2002 with dual responsibility for India (as country head) and general partner responsible for software investments in Southeast Asia. He relocated to India from Silicon Valley with Walden. Vaswani brings to the table a combination of investment experience and operating experience in the software/technology industry. Vaswani has an MBA from Wharton and a BBA from the University of Texas, Austin.
Meanwhile, Akash Prakash, the former chief investment officer for Temasek in India has resigned. Prakash had previously been based in Singapore with the Government of Singapore Investment Corporation (GIC). Prakash joined Temasek in early 2005 and worked with the firm on a number of the investments it closed in India over the course of 2005 and early 2006. Prakash is leaving to pursue entrepreneurial ambitions and will be launching a fund shortly - though no details are currently available.
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.