ASFA APPOINTS INTERIM CHIEF EXECUTIVE
The Association of Superannuation Funds of Australia (ASFA) has appointed Leeanne Turner as its acting chief executive, to fill the role recently vacated by Martin Fahy.
Turner was formerly the head of AvSuper, MTAA Super and inaugural chief at Spirit Super after MTAA Super's merger with Tasplan.
She has also served on the boards of several industry organisations including ASFA, the Fund Executives Association and Industry Super Australia.
Turner was once part of the Superannuation Complaints Tribunal Advisory Council.
In addition, ASFA has reappointed Gary Dransfield's role as its chair. Dransfield maintains a non-executive director position at Hollard Insurance and the Australian Financial Complaints Authority.
He has previously held leadership roles in the insurance councils of both Australia and New Zealand, in addition to numerous board directorships.
CSRC NAMES VICE CHAIRMAN
China’s State Council appointed Chen Huaping as the new vice chairman of the China Securities Regulatory Commission (CSRC), filling a position that was left vacant in December 2022 after the retirement of predecessor Zhao Zhengping.
Chen will work closely with CSRC chairman Yi Huiman, and three other vice chairmen, Li Chao, Fang Xinghai, and Wang Jianjun.
Aged 55, Chen joined CSRC from the Shenzhen Stock Exchange as chairman, a role he had been holding since December 2021.
Before his time at the Shenzhen Stock Exchange, Chen spent more than a decade at CSRC, holding various senior roles, including director of the general office.
FRANKLIN TEMPLETON RESHUFFLES DISTRIBUTION HEADS GLOBALLY
Franklin Templeton has made leadership appointments within global distribution, effective October 2.
The responsibilities of Singapore-based Tariq Ahmad, previously co-head of Asia-Pacific distribution, have been expanded. He has been named sole head of Asia-Pacific distribution, reporting to Adam Spector, executive vice president and head of global distribution.
Matthew Harrison, previous co-head of Asia-Pacific distribution based in Sydney, has been appointed head of Europe and UK distribution. The distribution leaders in Europe and UK will report to him with immediate effect.
Harrison will relocate to London over the next few months and will also report to Spector.
Dubai-based Sandeep Singh, head of Central and Eastern Europe, the Middle East and Africa (CEEMEA), will also oversee India going forward, also reporting to Spector.
Singh was previously head of CEEMEA Distribution overseeing the leadership and development of the firm’s retail and institutional business in Central & Eastern Europe, Middle East and Africa (CEEMEA). In his new role, Singh will expand his responsibilities to oversee the Indian market.
Both Harrison and Singh take over the distribution responsibilities held by former head of EMEA distribution Julian Ide, who has been appointed vice chair of EMEA, reporting to president and CEO Jenny Johnson.
KKR HIRES FORMER BLACKROCK EXECUTIVE TO LEAD NEW INDIA OFFICE
KKR appointed Nisha Awasthi as managing director to lead its new office in Gurugram. It is KKR’s second office in India.
Awasthi joins KKR after nearly two decades with BlackRock, where she was most recently head of financial markets advisory at BlackRock India, also based in Gurugram.
She reports functionally to Burke Malek, global head of operations, and regionally to India Head Gaurav Trehan.
KKR expects to have about 150 new employees in Gurugram by early 2024, initially including finance, operations, human capital and technology talent by the end of the year.
KKR offers alternative asset management as well as capital market and insurance solutions.
BlackRock did not respond to an AsianInvestor enquiry on who replaces Awasthi.
CERVIN FAMILY OFFICE & ADVISORS ADDS TO PRIVATE MARKETS TEAM
Cervin Family Office & Advisors, an India-based pure family office advisory firm, has appointed Pranav Shah to the newly created role of head of private markets and associate director.
Shah, who is based in Mumbai, will spearhead the firm’s unlisted investment advisory, which covers startup investing, venture and private equity funds and venture debt.
The Cervin team has 16 senior professionals and the company expects to expand further to cross the 20-professionals mark by the end of 2023.
Shah previously oversaw investments with Roundglass, a single family office.
He has previously worked with Sterlite Tech Ventures, the corporate ventures arm of the Sterlite group, and high-growth startups such as ZetWerk and Bytedance.
BROOKFIELD UNIT EXPANDS APAC TEAM
Brookfield Oaktree Wealth Solutions, an alternative investments platform for financial advisors and their clients, hired Mandy Lee and Nobuhiro Sato as client relationship managers on its Asia Pacific team.
Based in Singapore and Tokyo respectively, Lee, senior vice president, and Sato, vice president, will be responsible for expanding Brookfield Oaktree distribution relationships with private banks and intermediaries across Southeast Asia and Japan.
Both roles are newly created, a spokesperson for Brookfield Oaktree Wealth Solutions told AsianInvestor.
Lee, who will oversee Southeast Asia distribution, was previously with BlackRock, where she was most recently co-head of private bank distribution.
Sato joins from Schroders Investment Management (Japan), where he was a senior relationship manager covering major Japanese distributor groups.
BlackRock and Schroders did not respond to AsianInvestor's enquiries on who replaced Lee and Satom respectively.
Brookfield Oaktree Wealth Solutions was launched in April 2021, and managed more than $850 billion in assets as of June 30, 2023. It is a joint venture of Brookfield Asset Management, an alternatives asset manager.
STEWART INVESTORS APPOINTS APAC INSTITUTIONAL DISTRIBUTION HEAD
Stewart Investors appointed Elizabeth Trinh as head of institutional distribution, Asia Pacific, effective from September 11, the firm announced on October 4.
In the newly created role, Trinh is responsible for driving the Asia-Pacific institutional client strategy and building on the firm’s presence in Sydney and Singapore.
She reports to Hugh O’Neill, business head of Stewart Investors in Singapore. Trinh is currently based in Hong Kong and will relocate to Singapore in 2024.
Trinh joins from American Century Investments, where she spent nearly 14 years in several leadership roles across Asia Pacific. Most recently, Trinh was head of American Century Investment Management (Asia Pacific).
American Century Investments did not respond to AsianInvestor’s enquiry about Trinh's replacement as of publication.
Prior to that, Trinh worked for Macquarie Bank and Commonwealth Bank of Australia.
STATE STREET GETS NEW INDIA HEAD
State Street Corporation has appointed Arindam Banerrji as the new country head for India, effective October 4. Based in Bengaluru, Banerrji will report to Lou Maiuri, president, chief operating officer and head of investment services.
Banerji took over the country head for India role from Madhavi Dahanukar, who left State Street to pursue other opportunities in March this year, a spokesperson told AsianInvestor.
Banerrji joins State Street from Wells Fargo, where he most recently served as the executive vice president and managing director for their operating centers in India and the Philippines. Wells Fargo did not respond to AsianInvestor’s enquiries regarding when Banerji left the firm and who will take over his responsibilities.
Prior to that, Banerrji held leadership positions at Ernst & Young India, Deutsche Bank, J.P. Morgan, Larsen & Toubro, and Price Waterhouse.
GOLDMAN SACHS NAMES HEAD OF EQUITY CAPITAL MARKETS
Goldman Sachs has appointed Aaron Lamshed as the new leader of its equity capital markets (ECM) division in Australia and New Zealand (ANZ), succeeding Ian Taylor.
Lamshed began his journey with the firm in 2014, and was promoted to managing director seven years later. He has been responsible for directing significant ECM transactions across diverse sectors.
Lamshed will continue to be based in Sydney.
As the upcoming head of ECM, Lamshed will be responsible for refining the strategy of Goldman Sachs' ECM division in the ANZ area. He will continue his existing duties as the syndicate head.
Taylor will exit the firm to join APM Human Services International (APM) as its chief strategy officer in early 2024. At APM, Taylor will oversee strategic planning, business growth, corporate development and investor relations, as disclosed to the ASX.
HINES ADDS VALUE-HEAD HEAD TO ASIA STRATEGY
Real estate investment manager and developer Hines has appointed Caleb Shen as senior managing director with oversight of its soon-to-be-launched diversified close-ended, value-add real estate strategy in Asia, to be known as Hines Asia Real Estate Partners (HAREP).
Based in Singapore, Shen will report to Chiang Ling Ng, chief investment officer in Asia at Hines.
Shen was most recently head of Asia portfolio and asset management for GLP Capital Partners (GCP) where he led the strategic review and ongoing assessment of all real estate assets from August 2022, according to his LinkedIn profile.
AsianInvestor understands that Shen’s role at GCP focused on China, and no replacement has yet been named. GCP declined to comment on AsianInvestor’s enquiries.
Prior to GCP, Shen held roles at CapitaLand Investment, Apollo Global Management, CB Richard Ellis (CBRE) and LaSalle Investment Management.
LANDMARK FAMILY OFFICE APPOINTS PARTNER
Hong Kong-headquartered multifamily office Landmark Family Office appointed Tina Chan as partner, reporting to Cameron Harvey, chief executive officer of the family office.
Based in Hong Kong, Chan will help the newly established firm in building and maintaining client relationships as well as providing solutions around wealth management.
Chan was most recently director, CEO office at business expansion consultancy firm Tricor Group.
Before that, Chan was the head of strategic partnership with Raffles Family Office from 2018 to 2021.