A weaker yen has made Japanese equities more attractive. The investment in the Japan ETF has recorded a 5.3% return as of Wednesday during the holding period since May 19.
Singapore's GIC leads a $135 million fundraising round for US-based energy solutions firm Powin; Alberta Investment Management Corp is setting up its first Asian office in Singapore with an eye on Asian private equity; Ontario Teachers’ Pension Plan Board will acquire a 70% stake in New Zealand's TowerCo; and more.
GIC appoints 10 new MDs to global leadership; M&G hires fixed income head for Apac; HSBC hires UHNW global head from Citi; Credit Suisse appoints Apac asset management head; Macquarie AM hires chief sustainability officer; and more.
The Hong Kong-based bank has made its first purchase in the metaverse, joining peer, JP Morgan, as it makes inroads in the world of virtual assets.
HKEX names co-head of emerging business development; Manulife IM appoints Singapore CEO; BNP Paribas promotes APAC sustainable expert; WTW appoints senior heads in Singapore; MSIG Asia appoints new chief executive, and more
ESG regulations and frameworks lack consistency across the investable landscape leaving asset owners and managers in search of alignment. This panel spoke to the challenges of fulfilling an ESG mandate in an uncertain world.
GPIF will not invest in Chinese sovereign bonds and exclude them from benchmarks; Temasek and HSBC partner up for debt financing platform for sustainable infrastructure projects; KIC advised to consider European rental housing projects with local firms; PNB funds to give out $150 million payout; APG and PPF buy stake in New Zealand timber producer; and more.
While Asia still lags the global average, interest in sustainable projects is growing fast; the only thing needed now is the expertise to drive growth
AustralianSuper promotes deputy equity head; StateSuper appoints senior manager for liquid alternatives; Afma appoints chief executive from Promontory Australia; Hang Seng Bank names new chief executive; HSBC appoints Southeast Asia head of sustainable finance; Ruffer to close HK office, head to retire; Bank of New Zealand CEO rejoins NAB as digital chief; and more.
HSBC Asset Management names Michael Cross as global fixed income CIO; Jessica Jones has been appointed PGIM Asia head; Eastspring welcomes former HSBC Apac CIO; BlackRock names Apac index investments head; Haitong International launches family office business; Jupiter hires from AllianzGI; State Street names Apac collateral lead; and more.
HSBC Life Singapore and Axa Singapore will merge operations to form the city-state's seventh-largest life insurer based on annualised new premiums.
Wealth experts believe the rollout of Wealth Connect could help to entice wealthy individuals and then family offices to establish operations in the city, especially if initial quotas are raised.