Domestic agencies tend to rate domestic firms more favourably than their foreign peers, but the difference is particularly striking in China.
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Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
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Companies in major indices across developed markets will be expected to issue climate-related disclosures and have a third of their boards comprise women by 2023.
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Digital asset regulation is an ever-evolving area, but there are clues that give away the direction that regulators are taking.
China Life names Yuan Changqing as acting chairman; Future Super hires operations chief; China Life Franklin Asset Management CIO and deputy CEO leave; Willis Towers Watson has hired Kameswara Natakusumah as head of Indonesia; Prudential hires ex-Apac CEO for Allianz George David Sartorel as a non-executive director; Manulife IM hires into multi-asset solutions team in Asia; PineBridge Investments hires from BNY Mellon IM; and more.
The $200 billion pension fund is balancing exposure to the surging Taiwan stock market with further steps towards ESG integration.
The city’s role as a regional financial hub is further at risk in the latest move to ban international arrivals from several G7 economies.
Super funds now acknowledge without question that ESG factors are critical to investment decisions.