Zurich’s HK, Singapore units to enter private debt

Zurich’s Hong Kong and Singapore businesses are set to make their first investments into private markets this year, most likely initially into direct lending, one of its senior executives has told AsianInvestor.  According to the Swiss insurer’s chief investment officer for these two markets, the expected move is part of the wider group’s global push to raise its exposure to illiquid alternatives.   But in an interview in late December, Hong Kong-based Thomas Spirig also voice…