Weekly roundup of people news, July 26
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HKMA CHIEF EXECUTIVE GETS SECOND TERM
Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue was reappointed for a second five-year term at the de facto central bank, starting October this year,.
Yue has been HKMA’s chief executive since October 2019.
He will have an annual fixed pay of around HK$7.4 million ($948,000) at the beginning of his new term.
The annual performance-linked variable pay will be capped at $2.3 million throughout the five-year term, according to a press release from Hong Kong's Financial Secretary.
Yue began his career as an administrative officer in the Hong Kong Government in 1986. He joined HKMA in 1993 and was appointed deputy chief executive in 2007.
HSBC LIFE HK NAMES NEW CEO
HSBC appointed Daisy Tsang as chief executive officer (CEO) of HSBC Life Hong Kong, effective from August 1, subject to regulatory approval.
Tsang, with over two decades of experience with the HSBC Group, is interim CEO and chief distribution and customer officer of HSBC Life Hong Kong.
She will report to Edward Moncreiffe, general manager and CEO, global insurance, HSBC Holdings, and Maggie Ng, general manager, wealth and personal banking, Hong Kong, HSBC.
Tsang joined HSBC Life in 2012 and was chief distribution and customer officer before taking on the interim CEO role in April.
She took over from Edward Moncreiffe, who was promoted to the insurer’s global CEO.
FUTURE FUND HIRES DIRECTOR IN ASSET ALLOCATION TEAM
The Future Fund, Australia's sovereign wealth fund, has appointed Kylie-Anne Richards as director in its dynamic asset allocation team.
She is based in Sydney.
Richards joins from Fortlake Asset Management, where she was deputy chief investment officer and board member since the firm's inception four years ago.
Richards brings a wealth of experience, including leadership roles at QTR Capital, Macquarie Group, and CLSA.
She also maintains a part-time lecturer position at the University of Technology, focusing on sustainable finance, ESG, and high-frequency finance.
Fortlake has hired Tiffany Heath as chief strategy officer. Heath will absorb much of Richards’ previous responsibilities.
Future Fund did not respond to AsianInvestor's request for more information on Richards' role at the time of publication
CBUS APPOINTS HEAD OF ESG INTEGRATION
Industry super fund Cbus appointed Talieh Williams as its new head of ESG integration.
Williams, who will be based in Melbourne, joins from Victorian Funds Management Corporation (VFMC) where she was chief of staff to the CEO and CIO.
With 20 years of institutional investment experience, including roles at UniSuper and various industry bodies, Williams brings significant expertise in responsible investing.
She will report to Head of Responsible Investment Ros McKay, supporting the fund's ESG integration efforts.
Neither VFMC nor Cbus responded to AsianInvestor's request for comment on Williams' replacement at VFMC or whether her role at Cbus is new or replaces an existing position.
NGS SUPER CREATES DEPUTY CIO ROLE
NGS Super, the A$14 billion ($9.2 billion) industry fund for education professionals, appointed Michael Mi as its first deputy chief investment officer.
Mi, previously the fund's head of portfolio construction and quantitative research, steps into this newly created position after seven years with the organisation.
Mi's career at NGS Super began in 2017 as a quantitative analyst, following roles as a fixed income trader at BOC International and a forex and derivatives trader at Phillip Capital Australia.
He will continue to be based in Sydney.
ART EXECUTIVE MOVES TO INSIGNIA
David Woodall was appointed as chief executive of superannuation at Insignia Financial, after stepping down from his role as chief commercial officer at Australian Retirement Trust (ART).
Woodall will oversee the master trust business, product strategy, management and development, client operations, workplace solutions, sales, and insurance at Insignia.
He reports to Insignia Financial Chief Executive Scott Hartley.
Woodall spent nine years with ART and its predecessor fund, Sunsuper.
He served as ART's chief commercial officer for 18 months and chief growth officer for a year, playing a key role in the fund's inorganic growth strategy, including recent mergers.
Steve McKay will serve as interim chief commercial officer at ART following Woodall's departure.
CBUS CHIEF STRATEGY OFFICER DEPARTS
Alexandra West, chief strategy officer of Cbus Super, has resigned effective June 7, less than a year after taking on the expanded role.
West joined the A$98 billion ($64.2 billion) industry fund in 2016 as investment manager of innovation and strategy, progressing to chief strategy officer (CSO) of investments before her most recent appointment.
She was named CSO for the fund back in September 2023.
Prior to Cbus, West worked as an independent adviser to super funds and asset managers, and held a director position at Fidelity Investments.
West's departure follows that of deputy chief investment officer Alexandra Campbell in May, who left after four years with the fund.
Cbus did not respond to AsianInvestor’s request for comment on succession plans for West's position.
BLACKROCK STRATEGIST RELOCATES TO UAE WITH NEW ROLE
BlackRock Investment Institute’s Ben Powell took on an expanded role of chief Middle East and APAC investment strategist and will be relocating to the United Arab Emirates, the firm announced on July 23.
Powell has been based in Singapore for 10 years and was the research unit’s chief APAC strategist since 2019.
In the new role, he will help bring BlackRock’s global investment expertise to the Middle East while visiting Asia frequently.
Before joining BlackRock in 2019, Powell was co-head of UBS investment bank's multi-asset APAC sales in Singapore.
He also worked at Barclays in both Hong Kong and London.
SWISS RE CORPORATE SOLUTIONS NAMES COUNTRY HEAD FOR AUSTRALIA, NZ
Swiss Re Corporate Solutions appointed Kevin Bates as Country Head of Australia and New Zealand, effective November 4.
Based in Sydney, he takes over from Christine Bell, who has decided to retire.
Bates is currently group head of risk and insurance at construction and real estate company Lendlease.
At Swiss Re Corporate Solutions, he will lead a team to further implement group strategy in local markets, deepen client relationships among other responsibilities.
Swiss Re Corporate Solutions offers a range of commercial insurance solutions, including property, liability, financial lines, and construction insurance policies and products to the Australian and New Zealand Markets.