Responsible investing includes allocating to poor-ESG performing EM countries and helping them shift to greener solutions, instead of divesting completely, experts said.
It has hired Anthony Chan as senior consultant. Wong has just relocated from Singapore,where he had worked at iPac, the investment financial advisory. He also worked at an internet company start-up, and as an actuary in London, working on behalf of British pension funds from a liability-driven perspective.
His main responsibility will be helping clients in Asia with asset allocation and asset/liability modelling. ôBut IÆll also serve as a general investment consultant,ö he says.
ôIn talks with clients and prospects in Asia, IÆve already noticed a lot of interest in alpha,ö Chan says. ôInstitutions are operating more in terms of alpha and beta. Many of them are looking for absolute returns. WeÆre doing a lot of research into Libor-plus products.ö
Denning says that the firm will continue to hire senior people, but it is now running with a full team, following last yearÆs move by Peter Ryan-Kane to the funds industry (he now works at Credit SuisseÆs asset management division).
She has also hired Michelle Tsui for a regional role in development and training for the investment consulting practice. Tsui was previously with Watson WyattÆs business in New Zealand, which was sold to Mercer Investment Consulting last year. Tsui now returns to the fold, but will continue to operate out of Auckland.
Denning says she intends to make a senior hire to be based in China and is considering another for Korea next year.
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.
Amid today’s macro landscape and the need to rethink portfolio planning, asset owners in Asia Pacific are more eagerly embracing responsible investing, says Nuveen’s Simon England-Brammer.
Aware Super appoints deputy CIO and head of governance; AustralianSuper promotes chief risk officer to replace Paul Schroder; Raffles Family Office adds two new roles to independent advisory board; Amundi appoints South Asia CEO; Barclays names China chief executive; Zico hires head of advisory in Singapore; Capital Group names head of HK client group; and more
Nearly 50% of institutional investors and family offices in Asia Pacific intend to increase the number of external managers for their thematic investments in equities over the next 12 months.