Oaktree Capital Management has named James Lim as Managing Director for the Singapore office while ADB has appointed Masatsugu Asakawa as President.
Oaktree Capital appoints MD for SG office
Global investment management firm Oaktree Capital Management has named James Lim as Managing Director for its Singapore office.
In his new role, he will be responsible for strengthening the alternative investment specialist’s Asian asset-based direct lending platforms over the longer term. He will report to Oaktree Capital’s co-portfolio manager and head of distressed debt for Europe and Asia, Pedro Urquidi.
Before joining Oaktree Capital, Lim was CEO of CapitaLand Investment Management where he joined in 2017. Prior to that, he had spent three years with HSBC where he helped build the bank’s commercial real estate finance platform for the Asia-Pacific.
Oaktree Capital Group LLC is a global investment management firm focused on alternative markets. The firm has $122 billion in assets under management as of September 30, 2019. The firm emphasises an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.
ADB names new President
Asian Development Bank (ADB) has named Masatsugu Asakawa as President, according to an announcement.
Asakawa, 61, currently Special Advisor to Japan’s Prime Minister and Minister of Finance, will assume office as ADB’s 10th President on 17 January 2020. He will succeed Takehiko Nakao, who will leave office on 16 January 2020.
Before joining ADB, he has held a range of senior positions at the Ministry of Finance of Japan, including Vice Minister of Finance for International Affairs, and gained diverse professional experience in development policy, foreign exchange markets, and international tax policy.