This week…
| People moves |
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Eastspring Investments has appointed Lucrecia Tam as its Singapore-based director for the chief investment officer (CIO) office. Reporting to Virginie Maisonneuve, the firm’s CIO, she is responsible for providing investment management support across asset classes, including the firm’s equity, fixed income, asset allocation, private equity, infrastructure and onshore investment offerings. Before Eastspring, she was previously from Pimco in London, where she was a senior vice president and portfolio manager for industrials global sector specialist… BNP Paribas Mutual Fund, the Indian arm of BNP Paribas Asset Management, has appointed Ritesh Jain as its chief investment officer. In his new role, he will report to Anand Shah, deputy CEO and head of investments, and will be responsible for leading a team of investment professionals managing a range of funds across different asset classes. Before BNP Paribas Mutual Fund, he was previously Tata Mutual Fund’s chief investment officer… Hervé Guez, the head of responsible investment research at Mirova, an affiliate of Natixis Global Asset Management, will now take on the additional role of head of equities and fixed income. In his new role, he will be in charge of coordinating the fund management teams in Paris and will report to Philippe Zaouati, Mirova’s CEO… ING Bank has named Rob Carnell, the bank’s chief international economist, as its chief economist and head of research for Asia-Pacific. He will relocate to Singapore from London and will replace Tim Condon, who will be retiring from his role… Northern Trust has made three key senior hires in Australia. They are Tania Tuxford and David McWilliams, who have assumed the roles as business development managers for Sydney and Melbourne, respectively, and Simon McDonough, who joins the firm as a Sydney-based senior equity program trader… |
| Green bonds |
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The Luxembourg Finance Labelling Agency has launched a label for green bonds, which will be granted to eligible instruments that finance green projects. The label, the LuxFlag Green Bond Label, is a transparent high-standard certification that allows investors to be sure about their investments in green products… |
| Enforcement |
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Hong Kong’s Securities and Futures Commission has suspended Wu Biwei, a former responsible officer and managing director of iStar International Futures (now known as Rifa Futures), for six months. The disciplinary action follows the regulator’s sanctions against iStar over its failure to comply with anti-money laundering regulatory requirements when processing third party fund transfers in 2014… |
| Asset services |
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Janus Henderson Investors has appointed BNP Paribas Securities Services to service its Singapore-domiciled funds. The firm migrated the custody, fund administration, middle office, trustee and transfer agency services for its Singapore-domiciled funds to BNP Paribas Securities on May 1, prior to the merger between Henderson Global Investors and Janus Capital… Hong Kong Digital Assets Exchange, a platform that supports the trade of virtual and digital assets, has been launched in the SAR and is open to around 100 countries. It is Hong Kong’s only independent legal digital asset exchange centre entity that the government has issued with a financial services licence, the firm said in a statement. The exchange centre mainly focuses on providing professional services such as distributing, trading, consumption spending and payment services for digital assets… |
