Alex Hambly, the newly appointed Chief Investment Officer (CIO) of VinaCapital, shares his insights on the market and investment strategies in his new role.
Alex Hambly, the new Chief Investment Officer (CIO) of VinaCapital
VinaCapital’s New CIO: A 30-Year Global Investment Veteran from Leading Financial Institutions like HSBC, Barclays Bank, and Prudential…
Last July, VinaCapital officially announced the appointment of Alex Hambly as its new Chief Investment Officer (CIO). Previously, this position was held by Andy Ho.
According to his introduction, Alex Hambly has been a member of the investment board of the VinaCapital Vietnam Opportunity Fund (VOF) since 2020. He brings over 30 years of global investment experience from his tenure at Barclays Bank, HSBC, British International Investment, Prudential, and a leading private wealth management office in Asia.
Alex Hambly attributes his diverse work experience in countries like India, Singapore, and his home country, the United Kingdom, to his strategic investment orientation and operational management skills. This global perspective, coupled with a deep understanding of local markets, forms the foundation of his new role.
Commenting on the global economic environment, he highlights the prevailing uncertainty caused by geopolitical tensions, inflationary pressures, and the aftermath of the pandemic. These factors contribute to market volatility and influence investor sentiment.
In response, VinaCapital adopts a flexible and adaptive approach, closely monitoring macroeconomic indicators and geopolitical developments to adjust its investment strategies accordingly. The company also prioritizes opportunities in resilient sectors or those that can buck the trend. For instance, he emphasizes the potential of renewable energy and technology sectors in Vietnam, which are relatively immune to traditional economic cycles and offer growth prospects in a dynamic global landscape.
“Vietnam is now on the radar of global investors due to its compelling prospects and advantages.”
Vietnam, in particular, has been ranked in multiple surveys as a top or preferred destination in the Asia-Pacific region for corporations considering expansion in the area. This is attributed to:
Firstly, Vietnam’s strategic geographical location, which provides proximity to key high-tech supply chains in Asia and access to a range of markets through its 18 free trade agreements with global partners, including the US.
Secondly, the upgrade of Vietnam’s stock market to emerging market status is expected to attract an additional $25 billion in foreign capital into Vietnamese stocks by 2030, according to the World Bank. Few countries are better positioned than Vietnam to sustain strong growth in the near future.
“I fell in love with Vietnam the first time I visited in 2001. Although I’ve traveled extensively, this country has always held a special place in my heart. To me, the transformation that Vietnam has achieved is truly remarkable. Vietnam is now on the radar of global investors due to its compelling prospects and advantages.” expressed Alex Hambly.
Despite its allure, Vietnam is not immune to global volatility. Therefore, risk management is a fundamental part of VinaCapital’s investment strategy going forward. The new CIO highlights their multi-layered risk management process, which involves identifying, assessing, and mitigating risks at every stage of the investment process. This includes thorough due diligence on potential investments, encompassing financial analysis, market assessment, scenario planning, continuous monitoring, and position adjustments as necessary. Diversification is a core tenet of VinaCapital’s risk management strategy, ensuring that capital is allocated across different sectors and asset classes.
Additionally, Alex Hambly emphasizes the importance of leveraging technology and data analytics in their investment strategies. VinaCapital has invested in advanced data analytics platforms that enable the collection and analysis of vast amounts of real-time market data. This empowers the fund to make informed investment decisions and identify trends and opportunities that may not be visible through traditional analysis.
With over 21 years of experience in Vietnam, VinaCapital has grown from managing just $9.5 million in assets to becoming one of the leading investment and asset management groups, with a diverse investment platform spanning listed equities, bonds, private equity, technology investments, clean energy & infrastructure, real estate, logistics infrastructure, and most recently, carbon credits. Their total assets under management now stand at $4 billion, representing a remarkable 421-fold increase.
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