State-owned investors from the UAE and Saudi Arabia are leading the investment charge and their influence on the Asian economic landscape is set to increase in coming years.
Middle East
With the Middle-East nation located between Europe and Asia, it helps both regions by being a connectivity corridor, a family office industry executive tells AsianInvestor.
Indonesia's sovereign wealth fund gets new chief risk officer; Prudential's Eastspring grabs new CIO from HSBC; ESSSuper hires new head of strategy; Gaw Capital hires from ADIA; HKEX gets new board members; Macquarie's global real estate head departs; and more.
Asian start-ups with established ties to the UAE can also be investment targets, a senior executive told AsianInvestor.
Although Chinese private equity managers are now getting vital support from Middle Eastern asset owners, they must still navigate complex global relationships and varying legal requirements.
As Singapore fights money laundering and other malfeasance, Dubai is rapidly attracting new types of family offices, experts said.
Future Fund names chair; Insurance Authority adds executive director; Mark Mobius joins Chartwell Capital as advisor; PGIM's Asia ex-Japan head of institutional relationships group (IRG) exits, while Australia gets new IRG head; and more.
AsianInvestor has identified 10 outstanding executives who are leading best practices and innovative thinking at sovereign wealth funds operating in the region. On our fifth and final day, we showcase executives from Saudi Arabia's Public Investment Fund and Singapore's GIC.
Hong Kong's Tsangs Group has teamed up with DeepRock Group, established by China Vanke’s founder Wang Shi, to boost business and investment ties on sustainable technology across Hong Kong, mainland China and the Middle East.
Tsangs Group is collaborating with Saudi Arabia’s Public Investment Fund-owned ROSHN Group to facilitate their investment and business exchanges with Hong Kong and the rest of the Greater Bay Area.
Global sovereign wealth funds cut back on investments in 2023, but there was a shift in sentiment towards emerging markets as highlighted by Global SWF in its annual report, issued on new year's day.
Hong Kong has attracted over 100 families to set up investment vehicles in town, including prominent families from Saudi Arabia who are keen to explore technology investments in the Greater Bay Area.