Key Takeaways
- • Bank of Singapore has appointed Benjamin Low as Head of Alternative Investments, effective 17 August, to lead a platform covering private equity, private credit, venture capital, infrastructure and real estate.
- • Low joins from Cambridge Associates, where he served as Head of Asia Hedge Funds Research, and brings more than 15 years of institutional investing experience advising endowments, family offices, pension funds and corporate investors on multi-billion-dollar portfolios.
- • Low will report to Global Chief Investment Officer Jean Chia, who said his experience will strengthen the bank's "Whole Portfolio Approach."
- • The appointment extends a broader alternatives push that earlier in the year expanded Yazid Mahadi's remit as Head of Funds Selection to include building the bank's hedge fund offering.
- • Preqin projects global alternative investment AUM to reach $32 trillion by 2030, a backdrop driving private banks across Asia to expand alternatives capabilities.
Summary
Low joins from Cambridge Associates, where he served as Head of Asia Hedge Funds Research. Over more than 15 years in institutional investing, he advised endowments, family offices, pension funds and corporate investors on multi-billion-dollar portfolios, according to the report.
The appointment reflects growing demand among wealthy Asian clients for private market strategies and portfolio diversification with uncorrelated returns. Citing industry data provider Preqin, the article notes that global alternative investment AUM is projected to reach $32 trillion by 2030. Private banks across Asia are expanding their alternatives capabilities in response.
The move builds on earlier steps in the bank's alternatives expansion. Earlier this year, Bank of Singapore widened the remit of Yazid Mahadi, Head of Funds Selection, to include developing its hedge fund offering.
Jean Chia said Low's institutional investment experience would further strengthen the bank's "Whole Portfolio Approach" and help clients build more resilient, diversified portfolios amid heightened macroeconomic uncertainty.
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