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
Gray has been developing UBSÆ prime broking business in Australia since 2001, implementing a front-to-back platform and heading the bankÆs sales efforts. At the beginning of last year, he took on additional responsibilities, assuming the title of head of prime services, and overseeing the integration of ABN AMROÆs futures business into UBS.
He has been with Swiss bank since 1994.
GrayÆs role in Australia will now be filled by his colleague Colin Taylor who relocated from London to Australia in 2002. Gray and Taylor have worked together for the past five years building the bankÆs stock borrow team, growing its equity franchise and expanding its exchange-traded derivatives business.
Taylor joined UBS in London in 1998 and was a member of the synthetic swaps, equity finance and prime brokerage teams before moving to Australia.
ôIt is a testament to the breadth and depth of talent available to us in the Asia-Pacific that we can promote from within,ö says Chi-Won Yoon, head of Asian equities. ôDavidÆs track record in building the Australian business is the ideal qualification for him to bring to his new role of developing our ever-growing Asian business.ö
YoonÆs counterpart in Australia, Gerard Satur, says TaylorÆs appointment as head of the local prime broking business is a logical progression. ôI am confident that ColinÆs in-depth knowledge of the prime brokerage business and his understanding of the highly complex needs of the hedge fund community in particular will maintain the substantial momentum of our business in Australia.ö
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
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
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.