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
We asked them for their opinions regarding the best Asia-Pacific prime brokers, administrators and law firms. Morgan Stanley, HSBC and Maples & Calder came out on top.
We approached only hedge funds, and specifically only those that actively trade Asia Pacific. We did not include analysts, funds of funds or others connected with the industry. The results were scored on an asset-weighted basis, the details of which are available in the December issue of AsianInvestor magazine.
Morgan Stanley swept the boards, voted best prime brokerage for stock borrowing, client servicing, consulting/capital introductions and market access products. Goldman Sachs came in second in all four categories except for stock borrow, where it was pipped by UBS. The full results can be found in the magazine.
HSBC narrowly won the poll for the best fund administrator for reporting/fund accounting, as well as for best client service. Citco came in second for reporting/fund accounting, while Fortis claimed the silver for best client service.
Maples & Calder, the Cayman Island specialist, was voted best law firm, followed by Deacons and Clifford Chance.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.