M&G Investments has announced the creation of a new Asia Pacific equity team along with a string of new hires.

Southeast Asia’s private equity and venture capital industry continues to experience fast growth as assets under management (AuM) in the Asean region rose by 8.6% – from $26 billion to $28 billion – in 2018, according to industry data provider, Preqin.

Companies are responding to calls from State Street Global Advisors (SSGA) to make their boardrooms more diverse, the firm has said in its annual stewardship report, which was released on September 6, 2019.