Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
Between 2001 and 2006 Allen was the Australian consul-general in New York where he was responsible for representing the countryÆs interest in North-eastern United States.
But he was a banker before he was a diplomat, starting his career with the World Bank in Washington DC and then joining Merrill Lynch where he was in charge of establishing the thundering herdÆs investment banking presence in Australia.
AllenÆs most recent banking position was senior director of investment banking at Macquarie Bank.
Allen will report to Brad Orgill, chairman and chief executive officer of UBS in Australasia. ôKenÆs experience, relationships, insights and knowledge all have significant potential to enhance our ability to meet the needs of our clients,ö says Orgill.
His appointment is effective immediately.
Regional transactions are bouncing back to pre-Covid levels, but experts caution that each geography requires a different investment strategy.
The run-up to the COP26 meeting in Glasgow provides an opportunity for governments to take stronger leadership on the climate crisis as scepticism over green financing escalates.
The asset allocation of Indonesian pension funds showed a flight to safety last year, but did fear outweigh the numbers? Some experts argue, in the light of local equities, for staying the course.
As more multi-asset portfolios integrate sustainability, such portfolios’ ability to navigate short-term swings in performance is enhanced without sacrificing longer term returns, says Schroders’ Jason Yu. In this Beyond Profit series, the firm explores both investing in sustainability-driven sectors and incorporating ESG considerations in the investment process.