People Moves
Summary Of Asia-Pacific Executive Moves In Wealth Management - September 2013

Barclays appointed former senior US government advisor Bob Hoyt
as the UK-listed bank’s group general counsel. Hoyt will succeed
Mark Harding, whose intention to retire was announced in
February. Hoyt takes up his new role in mid-October and will
become a member of the Barclays executive committee. He reports
directly to group chief executive Antony Jenkins.
Alvarez & Marsal, the global professional services firm that
specialises in business advisory services, bolstered its Hong
Kong and China operations with the appointment of Keith
Williamson as forensic and dispute services head. Williamson,
managing director, relocated to Hong Kong from London for the
role.
UBS Global Asset Management appointed senior exchange traded fund
industry figure Sammy Yip to its ETF business in a newly created
role. The exact nature as Yip's new post or where he is based
geographically remains unclear and could not be confirmed as of
this writing. This publication contacted UBS but the Swiss bank
declined comment.
ANZ, one of Australia's Big Four banks, named Kerri Thompson to
the newly-created position of managing director for bancassurance
and customer experience at ANZ Wealth, effective 2 December 2013.
Thompson was previously the managing director for retail at ANZ
New Zealand. She will report to Joyce Phillips, ANZ Global Wealth
CEO.
UK-headquartered Baring Asset Management bulked up its Asian
equities business with the hire of Lara Luo as head of Hong Kong
China equities. Luo replaced Agnes Deng, who has left the firm.
She now reports to Wilfred Sit, chief investment officer for
Asia.
Morgan Stanley, the U.S. banking giant, bolstered its Asian
macro-research team with hire of Geoff Kendrick and Kewei Yang as
executive directors. Kendrick serves as head of the Asian forex
and local rates strategy, while Yang is head of the Asia-Pacific
interest rate strategy. Both positions are based in Hong Kong.
Kendrick reports to Viktor Hjort, head of Asia fixed income,
while Yang reports to Kendrick.
U.S.-based investment manager Loomis, Sayles & Company appointed
Peter Marber as head of its emerging markets investments arm.
Marber joined the firm from HSBC Global Asset Management. He now
reports to Jae Park, chief investment officer.
Dion Global Solutions appointed Rudi Pecker as managing director
for Australia and New Zealand. Pecker has been part of the firm's
executive managing team since it started and has managed Dion's
operations in the U.S. and India. He also held senior roles
across Australia, Asia, Europe and America.
Australian boutique investment manager Bentham Asset Management
created a new portfolio manager role and named Kate Harris,
former executive director for credit and alternative sales at
Goldman Sachs, to take the lead.
JP Morgan, the U.S. bank, named Doug Howland as the new head of
equities distribution in Japan. Howland has been with the company
since 2007. Howland was previously the head of capital markets.
His old role will be broken down, where Yoshihiro Katsumura will
assume the lead for equity capital markets, Masaki Inoue for
investment grade debt and Naohisa Ando for capital market
advisory.
Australia and New Zealand Bank made series of senior executive
changes, including the naming of Alexis George as managing
director of insurance. George as the regional chief operating
officer in Hong Kong at ING Asia-Pacific. Neil Younger, who
joined ANZ in 2011 as head of practice based financial planning,
was named general manager for advice and open market channels. As
a result, Paul Barrett, managing director for advice and
distribution, will leave the company to "puruse the next stage of
his career."
Australian life insurer Asteron Life named David Plant as head of
its operations and strategy implementation division. Plant joined
from Aon Hewitt Financial Advice where he served as general
manager.
Deutsche Asset & Wealth Management chose fund managers Shinsuke
Yauchi and Ken Nagano to head the Deutsche Normura Japan Growth
Fund, its joint venture with Nomura Asset Management.
Mark Burgess, managing director and president of the Australian
Government Future Fund, left the agency to return to the private
sector. The fund has yet to name his replacement and he will
remain until then.
Credit Suisse Private Banking Asia-Pacific named Marcus Sloor as
managing director and market leader for Malaysia effective 1
February 2014. Sloor was previously the managing director and
region head for Nordic countries at UBS Wealth Management in
Zurich. In his new role, he will report to Claudio de Sanctis,
market area head for South East Asia.
Australian wealth management firm Perpetual appointed Paul
Skamvougeras as the new deputy head of equities following the
departure of Charlie Lanchester who is "leaving the funds
management industry." Skamvougeras moved from CPH/Ellerston
Capital where he worked for seven years. Also named was Nathan
Parkin as co-head of the industrial share fund alongside
incumbent Vince Pezzullo.
Citi Private Bank named So-Yon Sohn as Asia-Pacific regional
investments head. Sohn was previously the head of Asia-Pacific
credit sales and fixed income sales in Hong Kong. She retains her
current responsibilities and assist in the transition until her
replacement is named. Malay Ghatak, interim head since March
2013, will focus on his other role as head of Citi Private Bank's
global investment product management business. The previous head,
Debashish Dutta Gupta, became the global market manager for
India.
Coutts made a number of key hires in Hong Kong, including Philip
Suen as director in its product and services development group
and Beatrice Hoe and Ferdinand So as directors and senior
investment consultants. Suen was previously part of Societe
Generale, while Hoe and So came from HSBC Private Bank and Guosen
Securities, respectively. Also hired was Jeffrey Yng as director
in portfolio management and former Citi Private Bank executive
Alan Lui.
AIMS AMP Capital Industrial REIT, the REIT venture of AIM
Financial and AMP Capital, named Koh Wee Lin as chief executive
effective 1 January 2014. Koh replaces Nicholas McGrath who will
retire after five years with the firm. Koh joined the company in
2008. In his new role, he will move to Sydney but will remain on
the trust's board as non-executive director.
Former Wells Fargo Securities Asia founder Greg Donohugh joined
Hong Kong fund management firm Double Haven Capital as its new
chief executive. Double Haven was established in 2011 when
ex-Sparx Asia Investment Advisors CIO Darry Flynt decided to
create his own hedge fund group.
Mori Ryo, previously the deputy head of Japanese economic
research at The Lexington Group, was named chief economist for
the Asia region. He reports to Itsuki Nakamura, chief executive.
Asian financial services industry veteran Paul Schulte created a
new research firm that focuses on banks and corporate credit in
emerging markets. Schulte Research International opened in Hong
Kong in mid-September. Schulte brings over 20 years of experience
to this venture, most recently as global head of financial
strategy and Asian banks at China Construction Bank.
Singapore investment firm Temasek Holdings named Dr Wu Yibing to
succeed Ding Wei as head of China. Wei was appointed the advisory
senior director for China. Wu was previously the chairman and CEO
of Goldstone Investment, the direct investment arm of CITIC
Securities.
Natixis Global Asset Management created a new senior position in
Hong Kong and named Davy Yuen as director, head of wholesale
distribution. In this post, he is responsible for new business
and client relationship management functions across private
banks, consumer banks, insurance firms and IFAs. He joined the
firm after six years at Man Investments Hong Kong as executive
director.
BNP Paribas Investment Partners bolstered its Asia-Pacific and
emerging markets business by appointing Ligia Torres as the new
head. Torres was previously the head of the UK operation at BNP
Paribas Wealth Management. She reports to Philippe Marchessaux,
chief executive of BNPP IP. Also appointed was Vincent Camerlynck
as CEO for Asia-Pacific. Camerlynck used to be the deputy CEO for
Asia-Pacific and relocated from London to Hong Kong for the role.
BNY Mellon announced that Alex Buerge was hired to become head of
investments and managing director for the new separately managed
accounts division, reporting to AJ Harper, president and CEO of
BNY Mellon's Asia-Pacific managed accounts business. Buerge moved
from Credit Suisse, where he served as global head of
international locations for the multi-asset class solutions
business in Switzerland.
UBS Global Asset Management named Bryce Doherty as the new head
for Australia and New Zealand, taking over from Ben Heap, who is
stepping down after three years with the firm. Doherty was
previously the head of wholesale for Australasia. His old role
was assumed by Alistair Dune, who was the national sales manager
for Victoria and South Australia. Anne Flockart, head of
institutional sales, also joined the Australia board.
Global asset manager Pinebridge Investments boosted its Asian
business with the hire of Yoohee Won in Hong Kong as managing
director for business development. In this newly-created role,
the reports to Rajeev Mittal, chief executive for Asia-Pacific.
Won was previously the CEO of BNY Mellon Asset Management Korea.
Chandresh Nigam, managing director and chief executive of Axis
Asset Management Company, joined Schroders along with his team to
advise a new fund the company launched to focus on investment
opportunities in India -- the Schroder ISF Indian Opportunities
Fund.
Singapore advisory firm AlfaSec Advisors appointed veteran
transaction banker Philippe Metoudi to lead its newly-opened Hong
Kong ofice. Metoudi joined in 16 September as managing director
and equity shareholder, partnering with Roger Harrold and Giles
Elliott who established the firm in June 2013. The announcement
came just a week after Dilip Kumar was hired from Deutsche Bank
in Singapore to become sneior consultant, also based in
Singapore.
BNP Paribas Securities Servces, the securities services and
investment operations arm of BNP Paribas, announced a series of
senior appointments to its Asia-Pacific franchise. Mostapha
Tahiri was named head of the Singapore unit, replacing Arnaud
Claudon who was promoted to the newly-created role of global head
of Depotbank and Fiduciary Services in Paris. In China, Jonathan
Xie was appointed head of asset custory after serving as deputy
head of Haitong International Asset Management in Hong Kong.
Angely Yip also joined as sales director for North Asia
(ex-Japan) based in Hong Kong. Yuki Teshima was hired as senior
relationship manager for the Tokyo branch.
Singapore banking giant DBS hired former Macquarie Group
executive Jerry Tse as the new Hong Kong-based CEO of DBS Asia
Capital, replacing Stephen Ho, who is on "sabbatical leave." Tse
left Macquarie in early September after over five years at the
Australian bank.
Old Mutual Global Investors announced that Jane Fung, the head of
distribution for Asia, will step down in November 2013. Fung has
been with the firm for the past 12 years. She will be replaced by
Warren Tonkinson, head of global distribution, in the interim
until the company is ready to announced the new head who is
arriving November.
Global private equity and property investment house Altius
Associates appointed Peter Pfister as partner and head of
Asia-Pacific, based in Singapore and reporting to Brad Young,
head of investments. Pfister was previously head of Asia-Pacific
for Deutsche Bank's private equity business.
BNP Paribas Investment Partners named Kylie Chan as the new head
of its Hong Kong and China distribution arm. Chan had been part
of the firm since 2007 and prior to that served as an investment
consultant at Citibank.
UBS' wealth management arm in Asia-Pacific appointed LH Koh as
country team head for a Chinese country group, reporting to
Francis Liu, the regional market manager for China. Bryan
Crawford took over from Koh as the head of institutional
solutions group for APAC. Liu joined from IBD London, where he
was the global head of GFO Advisory. Both appointments took
effect 1 October 2013.
Global investment research firm Morningstar named Wing Chan as
director of fund research, overseeing the company's qualitative
fund research activities in Hong Kong, Singapore, Malaysia and
Taiwan. Chan previously served as investment counsellor and vice
president at EFG bank. He took over from Sunny Ng, who has moved
on to become a vice president and portfolio strategist at State
Street Global Advisors in Hong Kong.
Eastspring Investments, the asset management arm of Prudential
Asia, appointed Nathalie Lou as its new head of retail sales in
Hong Kong. Lou joined from Macquarie Funds Group, where she
previously served as senior vice president, head of sales and
client services.
Fidelity Worldwide Investment is making a number of hires to
boost its presence in Asia, the firm has confirmed to
WealthBriefingAsia. "We will hire selectively in Asia-Pacific,"
Chris McNickle, global head of institutional business – based in
London, was quoted by AsianInvestor as saying, but declined to
spell out numbers. The firm has 150 investment professionals and
400 institutional and retail distribution staff in the region.
Aon Risk Solutions, risk management arm of UK-based financial
services firm, named Lambros Lambrou as its new chief
executive for Australia effective January 2014. He replaces
long-time CEO Steve Nevett who will continue on a chairman of the
Pacific region.
Old Mutual Wealth expanded its Asia operations with three senior
appointments within both its offshore business, Skandia
International, and its asset management business, Old Mutual
Global Investors. Steve Hickman is now global head of high net
worth in its international sales team. He joined from HSBC in
Hong Kong, where he was head of distribution for high net worth
business. Xerxes Wong also joined the commercial product team as
the head actuary, high net worth Asia, based in Hong Kong. He
joined from American International Assurance in Hong Kong.
Meanwhile, at Old Mutual Global Investors, Carol Wong will join
Old Mutual Global Investors team as head of distribution for Asia
effective November 2013 (subject to regulatory approval). Wong
will join from BNP Investment Partners in Hong Kong where she was
head of distribution for Hong Kong, China and South East Asia.
Diversa Group, the investment management firm listed on the
Australian Stock Exchange, announced changes to its senior
management team. Stuart Korchinski, previously managing director,
was promoted to chairman, replacing Matthew Morgan who will
continue to sit on the board as a non-executive director. Vincent
Parrott, formerly the head of funds management and trustee
services, then became the new chief executive, taking over from
Korchinski who had assumed the responsibility under his managing
directorial duties since 2009.
Singapore's Ministry of Manpower set out a new set of rules that
require companies to consider more skilled workers from within
the country first before looking at foreigners' resumes.
Effective 1 August 2014, the Fair Consideration Framework begins.
Skandia International appointed Steve Hickman as global head of
high net worth in its international sales team. He joined from
HSBC in Hong Kong, where he was head of distribution for high net
worth business.
Nikko Asset Management, the Japan-based investment firm, made two
senior appointments for its Tokyo headquarters. Hideo Abe was
named to the newly-created role of executive vice chairman to
help enhance the firm's executive-level marketing capability both
locally and overseas. He begins 1 October 2013. Also newly
appointed is Mitsuaki Hasegawa as chief compliance officer and
head of the compliance department, effective 7 October. Hasegawa
replaced Ross Long, who on the same date moves on to become the
chief legal officer at the firm.
GAM Holding Group, the Swiss-listed asset management firm,
appointed Henry Choon as head for its Asia-Pacific
investment business effective 4 November 2013. Based in Hong
Kong, he will lead the market development activities for the Asia
ex-Japan region. Choon was previously a managing director for
Lazard's regional arm in Hong Kong.
Standard Chartered Singapore saw the resignation of Aditya
Jayaraman, principal director at the bank involved in the
non-resident Indian sector. Jayaraman is serving out his notice
period. His future situation is unclear as of this writing.
Barclays, the UK banking giant, hired Ester Li, an industry
veteran with over 20 years of experience, to lead its generalist
equities sales division in Asia ex-Japan. Li joins the company as
managing director and head of the unit from Daiwa Capital
Markets, where she served as regional head of equity sales since
2010. In this new Hong Kong-based post, she will lead several
generalist equities distribution teams across the Asia ex-Japan
region.
Australasian Wealth Investments hired former head of UBS Global
Asset Management, Ben Heap, as chief executive and managing
director. Heap will join AWI later in 2013 at the completion of
his contractual obligations with UBS, where he stepped down from
his role as a managing director in early September.
Principal Global Investors, the asset management organisation and
member of the Principal Financial Group, named Jane Fung as its
new funds distribution head in Asia effective 3 October 2013.
Prior to this, Fung was the regional sales head for Asia at Old
Mutual Global Investors.
FE, a provider of investment data and analytics software,
appointed Hon Wah Choi as director of business development and
marketing for Asia, a newly created role based in Hong Kong. He
used to work at Manulife International as an associate vice
president of marketing and communications for Asia.
AXA Investment Managers relocated Mark Tinker from London to Hong
Kong to become head of AXA Framlington Asia, the firm's equity
specialist unit that manages some $65 billion in assets. Tinker
joined the firm in November 2006 and before the appointment
served as head of the global opportunities fund. Before that, he
was global strategist at Execution Limited.
Standard Life Investments bolstered its Asian private banking and
wholesale distribution business with the appointment of Virginia
Devereux Wong to the newly-created role of head of institutional
wholesale in Asia. Based in Hong Kong, she reports to David Peng,
the head of Asia. Wong joined the company from Goldman Sachs
Asset Management, where she led the sales and business
development in fund distribution to private banks in Asia
ex-Japan.
Matthews Asia, the US-based Asia-focused investment manager,
appointed Tina Tong to the newly-created role of vice president
for Asia business development based in Hong Kong. Tong was
previously the director of business development at Peak Capital.
She reports to James Campion, the head of Asia business
development.