Responsible investing includes allocating to poor-ESG performing EM countries and helping them shift to greener solutions, instead of divesting completely, experts said.
She had been working as the commercial director of Fortis Bank's hedge-fund administration services in Hong Kong for just over a year and before then had been with Deutsche Asset Management's sales unit in Singapore as director of absolute-return strategies. Before then, she was with Bank of Bermuda's hedge-fund administration department. Attempts to contact her this week have been unsuccessful.
Fortis has told AsianInvestor that its hedge-fund administration department in Asia has been restructured, for reasons unrelated to her departure. The departmental coverage has been demarcated into a north and south Asia split.
As a temporary measure, Stewart Bent is covering her job across the full region. He has also been promoted to the senior commercial role in Hong Kong, bagging the title of regional director, sales and relationship management for Asia ex-Japan. In an expansion of his former role, he has picked up client relationships to complement his ongoing sales responsibilities.
In another internal move, Dan Synk has become head of operations in Hong Kong. Both gentlemen will report to Gordon Shaw, a managing director based in Hong Kong.
Apac asset owners are more keen than their global peers on private equity and infrastructure sustainable investments. However, they trail behind in public equity.
Stakeholders are placing increasing importance on gender equality on corporate boards, but institutionalised problems continue to limit career advancement for women in Asia Pacific, experts say.
Weekly investor roundup: Hong Kong's Exchange Fund posts HK$13.2 billion loss; MAS tightens monetary policy in surprise move
Hong Kong's Exchange Fund posted a third-quarter investment loss after five quarters of gains; the Monetary Authority of Singapore said it would raise the slope of its currency policy band up from its current 0%; the Korea Investment Corporation surpasses $20 billion in AUM for the first time; RB Family Office to buy 12 four-storey conservation shophouses in Singapore; and more.
Inflation, fluctuating interest rates, Covid-19 shutdowns, and sporadic reopenings have led to bouts of volatility in the market, with tech stocks bearing the brunt of the selling over the last month.