STORIES YOU MAY HAVE MISSED THIS WEEK
People moves
Nuveen, the investment management arm of TIAA, has appointed Radhika Shroff as managing director for impact investing. She will be responsible for identifying, executing and managing direct private equity investments. Shroff was previously at Accion Global Investments, where she was deputy chief investment officer and managed a portfolio of global equity investments. Shroff’s hire follows the appointment of David Haddad, who joined as co-head of impact investing in November…
Principal Financial Group has named Dave Ashton CEO of Principal Trust Company for Asia. Based in Hong Kong, he will be leading Principal’s MPF business in the SAR. The firm has also appointed Derek Ching as CEO for investment and retirement services, which is the sales, distribution and product development business of Principal. Ashton was previously Principal International’s US-based vice president and chief information officer, while Ching was managing director at Principal Asset Management for Asia…
Fund launches
Robeco SAM has launched the Circular Economy Strategy, which invests in listed companies that “address the opportunities created by the paradigm shift in traditional production and consumption patterns toward a circular economy”, according to a statement from the firm. The strategy is managed by Holger Frey, senior portfolio manager for trends and thematic investments…
Business developments
Amundi‘s ETF assets have reached €55bn ($60.35) in assets, mostly driven from Europe, according to a statement from the firm. Net new assets in 2019 amounted to €8bn, which is more than double compared to 2018…
Neuberger Berman has acquired New York-based real estate investment firm Almanac Realty Investors. Almanac will cooperate as a distinct investment platform at NB and will continue to be led by managing partner Matthew Kaplan. Almanac adds to Neuberger Berman’s real estate solutions, which include REIT strategies, real estate private equity secondaries and public and private mortgage credit…
HSBC Securities Services has been appointed as global custodian for the qualified domestic institutional investor (QDII) fund launched by Tianhong Asset Management. The QDII fund is China’s first dedicated mutual fund providing Chinese investors access to the Vietnamese capital market…
