US exceptionalism is coming to an end, so global investors must find new stable stores of value, according to Indosuez’s Asia head of capital markets.
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US exceptionalism is coming to an end, so global investors must find new stable stores of value, according to Indosuez’s Asia head of capital markets.
It has also relocated its Geneva-based global head of forex and precious metals to Hong Kong to head capital markets in the region and hired a foreign exchange and precious metals advisor.
Portfolio diversification benefits and better financial returns are driving allocations to sustainable assets, according to wealth managers in the region.
The firm believes that companies in the healthcare and online sectors will remain resilient.
The internal appointment is one of several Asia staff announcements in the past year.
Omar Shokur has been named as CEO for Asia and branch manager of Indosuez Wealth Management in Singapore, subject to regulatory approval, according to a statement from the firm.
Benign short-term prospects for the global economy should not disguise the problems in store caused by the recent build-up in sovereign borrowing, according to Indosuez Wealth Management’s research head.
Pulling from ABN Amro, Indosuez has brought in Shirley Lau to drive the bank’s structured products.
Responding to client demand for property investments, the wealth management firm has appointed Justin Lau to fill the newly-created role of head of real estate for Asia.
Indosuez Wealth Management aims to increase its Asia discretionary business to reach the industry average, and volatile markets provide the backdrop to do so, according to Arjan de Boer, head of markets, investments and structuring in Asia.
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