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.
At Freshfields Bruckhaus Deringer, partner Doug Markel has been marked for the role of managing partner for China. The appointment became effective at the beginning of the month and will last three years.
He takes on the role in the firmÆs corporate practice in Beijing, where he has already lived for 14 years. To his expanded position, Markel brings specialization in China-related public and private acquisitions and disposals, joint ventures, private equity transactions, corporate reorganisations and information technology and media ventures.
Recent experience has included advising Anheuser-Busch on aspects of its takeover of Harbin Brewery, the US companyÆs strategic investment in Tsingtao Brewery and Warburg Pincus and Citic CapitalÆs private equity investment in Harbin Pharmaceutical.
He replaces Michael Moser, who has just been appointed partner and co-head of OÆMelveny and Myers China practice. Moser will split his time between the firmÆs Hong Kong and Beijing offices and work closely with Howard Chao, co-head of its China practice.
Like Markel, Moser is a fluent Mandarin speaker and has practiced in the region for over 25 years. His legal expertise includes advising on mergers and acquisitions, foreign direct investment, technology licensing and corporate restructuring. Over his career, Moser has also accumulated experience in international dispute resolution, with an emphasis on settlement of business disputes between Chinese and foreign entities.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
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Norway's Oil Fund welcome Chinese proposals improving transparency and shareholder protection; HK's MPF assets surge 35% year on year; Korea's NPS commits $100m to TPG consortium to invest in taxi-hailing app; Poba commits W270bn to European property; Malaysia's EPF sees investment income rise 59% year-on-year in first quarter, and more.