Kim Rosenkilde has been appointed group chief investment officer at the Singapore arm of the British insurance company after a $2 billion merger with a fintech firm.
Singapore’s financial regulator and central bank is ramping up its drive to become a sustainable investment hub and has chosen the recipients of new mandates in this area.
The current low-yield environment poses a challenge to real returns for traditional portfolios, but decent opportunities exist in non-traditional asset areas, said Lim Chow Kiat.
The chief executive's decision to step down after nearly 17 years ends an era of rapid evolution. New CEO Dilhan Pillay will need to accelerate Temasek's move into modern areas.
Wealthy families are setting up secondary offices in Singapore to diversify their exposure to risks, particularly in Hong Kong, and to avoid areas being badly affected by the pandemic.
The C$205 billion Canadian pension fund is putting expertise in place to focus on various new areas in Asia.