Higher interest rates and a banking crisis have done little to dent the real estate debt sector. Advisers say watch this space.
NGS Super strengthens investment team; China's PICC promotes Zhang Jinhai to vice president; AustralianSuper relocates PE head to New York; State Street appoints new Korea head; Allspring opens Tokyo office with new hire; T. Rowe Price bolsters Asia institutional business with new hire; Ageas hires Christian Choi as regional director; China VC fund leader becomes HSBC board member; Malaysia's Mavcap hires new CIO; Colliers Apac IT director; Singapore's HG Exchange appoints chairman.
Korean Hanwha Life Insurance is set to kick off direct investment in overseas real estate via new subsidiary in the US; Singapore's Temasek launches strategic partnership in Brazil with local partner; Japanese insurers expand overseas with acquisitions; Tokio Marine partners with Singapore insurtech VC firm; and more.
A weaker yen has made Japanese equities more attractive. The investment in the Japan ETF has recorded a 5.3% return as of Wednesday during the holding period since May 19.
Singapore's GIC leads a $135 million fundraising round for US-based energy solutions firm Powin; Alberta Investment Management Corp is setting up its first Asian office in Singapore with an eye on Asian private equity; Ontario Teachers’ Pension Plan Board will acquire a 70% stake in New Zealand's TowerCo; and more.
GIC appoints 10 new MDs to global leadership; M&G hires fixed income head for Apac; HSBC hires UHNW global head from Citi; Credit Suisse appoints Apac asset management head; Macquarie AM hires chief sustainability officer; and more.
The Hong Kong-based bank has made its first purchase in the metaverse, joining peer, JP Morgan, as it makes inroads in the world of virtual assets.
HKEX names co-head of emerging business development; Manulife IM appoints Singapore CEO; BNP Paribas promotes APAC sustainable expert; WTW appoints senior heads in Singapore; MSIG Asia appoints new chief executive, and more
ESG regulations and frameworks lack consistency across the investable landscape leaving asset owners and managers in search of alignment. This panel spoke to the challenges of fulfilling an ESG mandate in an uncertain world.
GPIF will not invest in Chinese sovereign bonds and exclude them from benchmarks; Temasek and HSBC partner up for debt financing platform for sustainable infrastructure projects; KIC advised to consider European rental housing projects with local firms; PNB funds to give out $150 million payout; APG and PPF buy stake in New Zealand timber producer; and more.
While Asia still lags the global average, interest in sustainable projects is growing fast; the only thing needed now is the expertise to drive growth
AustralianSuper promotes deputy equity head; StateSuper appoints senior manager for liquid alternatives; Afma appoints chief executive from Promontory Australia; Hang Seng Bank names new chief executive; HSBC appoints Southeast Asia head of sustainable finance; Ruffer to close HK office, head to retire; Bank of New Zealand CEO rejoins NAB as digital chief; and more.