Ostrum Asset Management launches a Hong Kong subsidiary to expand its real assets private debt management platform in APAC
Natixis Investment Managers’ affiliate Ostrum Asset Management is setting up a team of experts based in Hong Kong and Singapore to extend its real assets private debt management range1 for institutional investors, incorporating a new subsidiary in Hong Kong {Ostrum Asset Management (Hong Kong) Limited} to support its growth goals in the region. Charles Regan has been appointed Managing Director, Head of APAC Infrastructure Real Assets Private Debt and Alistair Ho has been appointed Managing Director, Head of Co-lending for Asia-Pacific. Co-lending activity will be done in partnership with Natixis’s Corporate & Investment Banking division.
Ostrum AM is expanding its business in the Asia-Pacific region by opening a subsidiary in Hong Kong to provide investors opportunities to diversify into real asset private debt. This move forms part of Ostrum AM’s broader strategy to expand its global platform for this asset class, managed by Denis Prouteau, Real Asset Private Debt CIO. This newly created subsidiary will provide investors with investment opportunities in the infrastructure real asset private debt space in Asia-Pacific, along with co-lending opportunities in partnership with Natixis’ Corporate & Investment Banking division.
Asia-Pacific has become the world’s largest infrastructure market in terms of both investment opportunities and investor demand. Ibrahima Kobar, Chief Investment Officer & Deputy Chief Executive Officer of Ostrum AM, notes, “Asia-Pacific alone is set to account for 60% of global infrastructure spending by 20252, including the One Belt, One Road program, which will require a hefty amount of financing. Hiring renowned experts into our teams in APAC is key to helping us develop a fund range suited to our clients’ needs over the months ahead.”
Fabrice Chemouny, Head of Asia-Pacific for Natixis Investment Managers, adds, “Real assets private debt is an excellent way to address investors’ need for diversification while giving them the opportunity to finance the real economy. The asset class offers an attractive risk/return profile. Ostrum AM’s range fits fully with Natixis Investment Managers’ Active ThinkingSM approach.”
Charles Regan comments: “Asia-Pacific includes the fastest growing economies in the world and Australia, which is the 2nd largest project finance market in the world – all of which provides rising market for infrastructure debt. And infrastructure financing in Asia offers comparable risk to OECD investments3. We have been investing in the region for more than 20 years and have experienced successful execution through multiple cycles.”
Charles Regan is joining Ostrum AM Hong Kong Limited as Managing Director, Head of APAC Infrastructure Real Assets Private Debt. Most recently, Mr. Regan was co-founder and Managing Director of Windward Capital Asia Inc. Prior to Windward Capital Asia, Mr Regan held a number of senior roles covering the region including Managing Director, Regional Co-Head of CIB and Regional Head of FIG, Asia Pacific at Banco Santander (Hong Kong) and Head of Originations, Capital Markets & Managing Director, Asia Pacific at WestLB AG (Hong Kong).
Mr. Regan received an MBA from Thunderbird School of Global Management and BBA from James Madison University. Mr. Regan will initially be heading a team of two comprising Angus Davidson Managing Director, and Evelyn Chan, Director.
Alistair Ho is joining Ostrum AM Hong Kong Limited as Managing Director, Head of Co-Lending for Asia-Pacific in partnership with Natixis S.A.’s Corporate & Investment Banking division. Most recently, Mr. Ho was Managing Director, Head of Structured Finance, Asia ex-Japan for Mizuho Securities Asia Limited. Prior to Mizuho, Mr. Ho held a number of positions in Asia, including: Executive Director, Head of Structured Credit Syndicate, Asia Pacific at Natixis; Vice-President, Fixed Income Structured Solutions at Credit Suisse; and Vice-President, Cross-Asset Strategic Solutions at Citigroup. Before returning home to Hong Kong, Mr. Ho began his career in the Structured Credit Products Group at Citigroup in New York.
Mr. Ho received a Master of Arts – Economics and a Bachelor of Arts – Joint Honours Economics and Finance from the McGill University, Montreal, Canada. He also received a Master of Quantitative Finance from University of Waterloo, Canada.
For further reading:
1 Only loans excluding instruments such as bonds or notes.
2 Source: Bloomberg New Energy Finance: The Future Of Energy, 2016 and PWC, Capital Project and Infrastructure Spending: Outlook to 2025, 2014.
3 Source: Moody’s, Default and recovery rates for project finance bank loans 1983-2014, 2016. Default rate is 6.4% for Oceania and 9% for South East Asia vs 9.30% for North America.
Past performance of the manager is not necessarily indicative of the future performance. Ostrum Asset Management Hong Kong (Ostrum HK) is wholly owned subsidiary of Ostrum Asset Management Asia Limited (Ostrum Asia) which is wholly owned subsidiary of Ostrum Asset Management. The proposed activities to be carried out by Ostrum HK do not amount to a ‘regulated activity” under the Securities and Futures Ordinance (“SFO”) and therefore Ostrum HK will not be a licensed or regulated entity under the SFO to carry on such business activities.
About Ostrum Asset Management
Ostrum Asset Management has been committed for more than 30 years to helping clients provide for their future and achieve their long-term financial goals. Our fund managers combine high-quality proprietary research with stringent risk analysis at each stage of the investment process to drive their decisions and deliver the highest quality outcomes for clients. Ostrum Asset Management is based in Europe, with a local presence in the United States4 and Asia5, and provides a full range of high-performance6 active fundamental fixed-income and equity expertise, along with insurance investment management solutions to address investors’ needs worldwide. Ostrum Asset Management ranks among the leading asset managers in Europe7 with €257.6 billion in assets under management8 for institutional clients, individual investors and distributors. Ostrum Asset Management is an affiliate of Natixis Investment Managers.
www.ostrum.com
4 US via Ostrum Asset Management U.S., LLC, limited liability company, registered as an investment adviser with the SEC.
5 Asia via Ostrum Asset Management Asia Limited – Registered as a fund management company with the Monetary Authority of Singapore – An Ostrum Asset Management subsidiary and via Ostrum Asset Management Kong Kong Limited.
6 85% of Ostrum AM funds are ranked in the 1st or second quartile Morningstar – ranking over 3 years of Ostrum Asset Management’s open-end funds – as at 12/31/2018. More details: morningstarpro.com.
7 IPE Top 400 Asset Managers 2018 ranked Ostrum Asset Management, previously Natixis Asset Management, as the 52nd largest asset manager, as at 12/31/2017.
8 Ostrum Asset Management – 12/31/2018.
Ostrum Asset Management
An affiliate of Natixis Investment Managers
French Public Limited liability company with board of Directors
Share capital €27 772 359
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 18000014
RCS Paris n° 525 192 753
43 avenue Pierre Mendès France
75013 Paris
www.ostrum.com
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
www.im.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Ostrum AM is expanding its business in the Asia-Pacific region by opening a subsidiary in Hong Kong to provide investors opportunities to diversify into real asset private debt. This move forms part of Ostrum AM’s broader strategy to expand its global platform for this asset class, managed by Denis Prouteau, Real Asset Private Debt CIO. This newly created subsidiary will provide investors with investment opportunities in the infrastructure real asset private debt space in Asia-Pacific, along with co-lending opportunities in partnership with Natixis’ Corporate & Investment Banking division.
Asia-Pacific has become the world’s largest infrastructure market in terms of both investment opportunities and investor demand. Ibrahima Kobar, Chief Investment Officer & Deputy Chief Executive Officer of Ostrum AM, notes, “Asia-Pacific alone is set to account for 60% of global infrastructure spending by 20252, including the One Belt, One Road program, which will require a hefty amount of financing. Hiring renowned experts into our teams in APAC is key to helping us develop a fund range suited to our clients’ needs over the months ahead.”
Fabrice Chemouny, Head of Asia-Pacific for Natixis Investment Managers, adds, “Real assets private debt is an excellent way to address investors’ need for diversification while giving them the opportunity to finance the real economy. The asset class offers an attractive risk/return profile. Ostrum AM’s range fits fully with Natixis Investment Managers’ Active ThinkingSM approach.”
Charles Regan comments: “Asia-Pacific includes the fastest growing economies in the world and Australia, which is the 2nd largest project finance market in the world – all of which provides rising market for infrastructure debt. And infrastructure financing in Asia offers comparable risk to OECD investments3. We have been investing in the region for more than 20 years and have experienced successful execution through multiple cycles.”
Charles Regan is joining Ostrum AM Hong Kong Limited as Managing Director, Head of APAC Infrastructure Real Assets Private Debt. Most recently, Mr. Regan was co-founder and Managing Director of Windward Capital Asia Inc. Prior to Windward Capital Asia, Mr Regan held a number of senior roles covering the region including Managing Director, Regional Co-Head of CIB and Regional Head of FIG, Asia Pacific at Banco Santander (Hong Kong) and Head of Originations, Capital Markets & Managing Director, Asia Pacific at WestLB AG (Hong Kong).
Mr. Regan received an MBA from Thunderbird School of Global Management and BBA from James Madison University. Mr. Regan will initially be heading a team of two comprising Angus Davidson Managing Director, and Evelyn Chan, Director.
Alistair Ho is joining Ostrum AM Hong Kong Limited as Managing Director, Head of Co-Lending for Asia-Pacific in partnership with Natixis S.A.’s Corporate & Investment Banking division. Most recently, Mr. Ho was Managing Director, Head of Structured Finance, Asia ex-Japan for Mizuho Securities Asia Limited. Prior to Mizuho, Mr. Ho held a number of positions in Asia, including: Executive Director, Head of Structured Credit Syndicate, Asia Pacific at Natixis; Vice-President, Fixed Income Structured Solutions at Credit Suisse; and Vice-President, Cross-Asset Strategic Solutions at Citigroup. Before returning home to Hong Kong, Mr. Ho began his career in the Structured Credit Products Group at Citigroup in New York.
Mr. Ho received a Master of Arts – Economics and a Bachelor of Arts – Joint Honours Economics and Finance from the McGill University, Montreal, Canada. He also received a Master of Quantitative Finance from University of Waterloo, Canada.
For further reading:
- Ostrum Asset Management and Natixis’ Corporate Investment Banking arm join forces to set up co-investment offering on real asset private debt
- Real Assets: Invest In What You Want, How You Want
- Natixis Asset Management launches a new area of expertise, real asset private debt, in three complementary, high potential sectors: real estate, infrastructure and aircraft
2 Source: Bloomberg New Energy Finance: The Future Of Energy, 2016 and PWC, Capital Project and Infrastructure Spending: Outlook to 2025, 2014.
3 Source: Moody’s, Default and recovery rates for project finance bank loans 1983-2014, 2016. Default rate is 6.4% for Oceania and 9% for South East Asia vs 9.30% for North America.
Past performance of the manager is not necessarily indicative of the future performance. Ostrum Asset Management Hong Kong (Ostrum HK) is wholly owned subsidiary of Ostrum Asset Management Asia Limited (Ostrum Asia) which is wholly owned subsidiary of Ostrum Asset Management. The proposed activities to be carried out by Ostrum HK do not amount to a ‘regulated activity” under the Securities and Futures Ordinance (“SFO”) and therefore Ostrum HK will not be a licensed or regulated entity under the SFO to carry on such business activities.
About Ostrum Asset Management
Ostrum Asset Management has been committed for more than 30 years to helping clients provide for their future and achieve their long-term financial goals. Our fund managers combine high-quality proprietary research with stringent risk analysis at each stage of the investment process to drive their decisions and deliver the highest quality outcomes for clients. Ostrum Asset Management is based in Europe, with a local presence in the United States4 and Asia5, and provides a full range of high-performance6 active fundamental fixed-income and equity expertise, along with insurance investment management solutions to address investors’ needs worldwide. Ostrum Asset Management ranks among the leading asset managers in Europe7 with €257.6 billion in assets under management8 for institutional clients, individual investors and distributors. Ostrum Asset Management is an affiliate of Natixis Investment Managers.
www.ostrum.com
4 US via Ostrum Asset Management U.S., LLC, limited liability company, registered as an investment adviser with the SEC.
5 Asia via Ostrum Asset Management Asia Limited – Registered as a fund management company with the Monetary Authority of Singapore – An Ostrum Asset Management subsidiary and via Ostrum Asset Management Kong Kong Limited.
6 85% of Ostrum AM funds are ranked in the 1st or second quartile Morningstar – ranking over 3 years of Ostrum Asset Management’s open-end funds – as at 12/31/2018. More details: morningstarpro.com.
7 IPE Top 400 Asset Managers 2018 ranked Ostrum Asset Management, previously Natixis Asset Management, as the 52nd largest asset manager, as at 12/31/2017.
8 Ostrum Asset Management – 12/31/2018.
Ostrum Asset Management
An affiliate of Natixis Investment Managers
French Public Limited liability company with board of Directors
Share capital €27 772 359
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 18000014
RCS Paris n° 525 192 753
43 avenue Pierre Mendès France
75013 Paris
www.ostrum.com
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
www.im.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.