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.
In Singapore, the firm has appointed Harjive Oberoi as executive director, senior sales and credit structurer. He reports directly to Hui-Wen Shiau, regional head of sales for Asia Pacific and comes to WestLB in a newly created role.
Prior to joining WestLB, Oberoi toned his marketing and credit structuring skills at UOB where he was head of structured products, Asia Pacific, with responsibility for sales, marketing and fixed-income structuring.
Before working at UOB, Oberoi was head of structured credit trading, Asia Pacific for HSBC for two years. He has also worked for Deutsche Bank, Salomon Brothers and Elders Finance.
Joining WestLB in Hong Kong is Peter Leung, who comes on board as associate director of global market sales. Also reporting to Shiau, Leung crosses to WestLB from New York's Solomon-Page Group where he was responsible for starting the firm's Asian operations in Hong Kong in 2006. His title at Solomon-Page was director of financial services.
Prior to this role, Leung helped establish lifestyle website Hotspots.com in Sinagpore, serving the company as chief executive officer for six years. Leung has also worked at Chase Manhattan Bank, Chemical Bank and Bank of America.
The appointments follow a serious bulk up for WestLB in Asia. Shiau joined the bank in May from Credit Suisse, around the time that WestLB appointed Neil Colverd as regional CEO.
Regulators keep their eyes open on tightening insurance industry by introducing more detailed risk management requirements, which could bring pressure on smaller players.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
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Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains