Rest Super hires two investment heads; Equip and Catholic Super JV hires acting CIO; AMP Australia reveals seven leaders including new CIO; State Street names head of Apac asset managers unit; BlackRock gets go-ahead for China wealth unit; Fidelity adds Asia director for sustainable investing; Allianz Real Estate appoints Japan acquisitions head; and more.
Despite the uncertainty posed to investors globally by the Covid-19 pandemic, 2020 was a record year for direct sovereign wealth fund investments. And more could be on the way.
The country's life insurers continue to mainly focus on fixed-income assets but could raise allocations to overseas private assets as a new capital regime is announced.
The country's economic rebound and proposals to support more growth bode well for investment returns, but supers are unhappy the budget did not offer more support for women.