People Moves
Summary Of Asia-Pacific Executive Moves For July 2013

Barclays, the UK banking giant, appointed John Chang as country
head for Korea, replacing Joe Shin, who has announced his
decision to retire. Chang joined the company in 2011 as head of
equities, South Korea. Prior to Barclays, he was with Deutsche
Securities Korea as head of GME and managing director.
Credit Suisse Group named Joachim Oechslin as its new chief risk
officer, taking over from Tobias Guldimann, who is taking up the
post of head of regulatory risk, corporate responsibility and
regulatory policy. Oechslin, who is currently chief risk officer
of Munich Re, will be appointed as a member of Credit Suisse’s
executive board and take his role on 1 January next year.
Allianz Australia, the Australian insurance and risk management
firm, named David Krawitz as its new chief operating officer
effective 30 September 2013. Krawitz replaces Garry Townsend, who
is retiring on 31 December after 44 years in the industry.
Krawitz joined Allianz in 2004 after a long career at McKinsey in
Australia and the US.
Friends Provident International promoted James Tan to the role of
managing director, based in Hong Kong. Tan continues to report to
John Van Der Wielen, who has taken on wider responsibilities
within the Friends Life Group as the chief executive for both the
international and UK divisions.
UBS Wealth Management Hong Kong promoted Allen Lo, chief
executive of UBS Wealth, and Amy Lo, head of ultra high net
worth, Asia-Pacific, from managing directors to group managing
directors.
Goldman Sachs appointed long-standing senior manager Ken Hitchner
as president of the Asia-Pacific ex-Japan region. He took over
from David Ryan, who has retired from the post. Hitchner is now
based in Hong Kong and works with Mark Schwartz, chairman of
Goldman Sachs Asia-Pacific, and Masa Mochida, president of
Goldman Sach
Malaysian lender Hong Leong Bank named Tan Kong Khoon, a former
DBS Group executive, as its new CEO and group managing director
at HLB, replacing Yvonne Chia who announced her resignation in
March. Tan began his career at DBS in 1981 before moving to other
companies, eventually rejoining the firm in 2010 as group
executive for consumer banking.
Global investment management group BNY Mellon expanded its Asian
investment team with the appointment of Albert Yeh as managing
director. Yeh assumes the newly-created Hong Kong-based post, and
is now working with Jane Claire, head of strategy and
development, product and marketing for the Asia-Pacific business,
to whom he reports. He previously served as managing director and
chief operating officer for Asia-Pacific iShares and Asia
ex-Japan retail at BlackRock.
ANZ, one of Australia's Big Four banks, named Glenn Maguire as
chief economist for Asia-Pacific based in Hong Kong. Maguire had
been acting in this role since May 2013 after Paul Gruenwald
moved to Standard & Poor's Singapore.
UK-headquartered private bank Barclays named Carol Chen as market
head for Greater China effective 1 October 2013. Chen relocates
from Singapore to Hong Kong for this role. She was previously the
head of the Greater China desk in the city-state.
Baker & McKenzie.Wong & Leow, the Singapore member firm of
international law firm Baker & McKenzie, elected Dawn Quek to the
firm's partnership, effective 1 July 2013. In this role, she
works closely with partner Allen Tan and senior tax consultant
Peter Tan to offer a range of tax advice to corporate, financial
and private clients in the city-state.
Withers, the international law firm that specialises in private
client practice, named eight new partners to its various global
offices, three of whom are in Asia. Now part of the company are
are Stacey Devoy as a member of the family law team in Hong Kong,
Fernando Gandioli for the tax and estate planning team in
Singapore and Philip Munro for the funds, investments and
business tax team in Singapore. The other new partners are based
in London, New York and New Haven.
BNY Mellon strengthened its Asia-Pacific institutional
distribution arm with a senior appointment. Mark Speciale assumed
the newly-created role of head of institutional distribution for
Asia-Pacific. Based in Singapore, he reports to Alan Harden,
chief executive for BNY Mellon's Asia-Pacific investment
management business, and PeterPaul Pardi, the head of global
distribution for investment management based in London.
The Singapore-based chief investment strategist of HSBC Private
Bank’s Asia-Pacific team, Arjuna Mahendran, took up the chief
investment officer post at Dubai-headquartered Emirates NBD. The
move happened less than a month after Shayne Nelson, the former
chief executive at Standard Chartered Private Bank, also joined
Emirates NBD.
HSBC unveiled a swathe of senior management changes, including a
move affecting the private bank. Peter Boyles, chief executive of
global private banking, was appointed group managing director,
effective from 1 October 2013. Simon Cooper was also named group
managing director and CEO of global commercial banking starting
on the same date. Cooper succeeds Alan Keir in this London based
role. Keir was named CEO of HSBC Bank and will continue to be
based in London. Keir replaces Brian Robertson, who will retire
as group managing director and CEO of HSBC Bank after 38 years.
Mohammad Al Tuwaijri was appointed deputy chairman and CEO of
HSBC Middle East and North Africa, also effective from 1 October.
Al Tuwaijri will continue to be based in Dubai and in his new
role will report to Keir.
Principal Financial Group named new heads for its Hong Kong and
Asia businesses. Arthur Bacci took the helm in Principal
International Hong Kong after serving as president and chief
executive of Principal Bank since 2007. Joining Bacci is Camill
Cheung who was named head of mutual fund sales and marketing at
Principal Global Investor (Asia). The two appointments follow the
announcement that Stanley Yip, CEO for the Hong Kong office is
retiring as of the end of June.
Withers, the international law firm, named a new consultant for
its wealth planning practice in Hong Kong. Michelle Chow brings
over 15 years of experience in corporate and charity law to this
post, where she will focus on issues relating to trusts, wealth
planning and philanthropy.
Ibbotson Associates Australia expanded its distribution and
client management capabilities with a series of hires. Scott
Mclennan joined as senior relationship manager, Katharine Jackson
and Brent Finneran as relationship associates and Amanda Freeman
as investment services associate. All three report of Matthew
Esler, head of distribution.
Global Prime Partners, the UK-based prime brokerage firm,
expanded its Asian markets team with the appointment of Rupert
Street as head based out of the Hong Kong office. Street brings
over two decades of financial markets and Asian investment
experience, which includes managing his own hedge fund, heading a
family office and serving as advisor to a number of Hong
Kong-listed firms.
Australian wealth management firm netwealth expanded its board
with the appointment of Kate Mulligan as non-executive director.
Mulligan was previously a managing director a Ventura/All Star
Funds Management and stepped down from this role in September
2012 after Centrepoint Alliance assumed ownership.
Skandia International, the offshore arm of Old Mutual Wealth,
announced the appointments of Jammine Soh and Huw Wedlock as
sales managers. Soh, previously from Zurich International, will
focus on the domestic financial advisor distributor base.
Wedlock, currently a wealth management consultant at Skandia UK,
will focus on the company's key partner financial advisor
accounts in the Asian region. Both report to Chris Ivinson, head
of sales for Skandia in ASEAN.
Goldman Sachs bolstered its Asian wealth management business with
the hire of Sandy Lim as its new executive director. She was
previously a director at the private banking team of UBS and in
her new role will be covering South East Asian markets.
Bank J Safra Sarasin named Geraldine Low Ai Ping stepped in as
managing director, client advisory in Singapore. Low joined from
DBS Private Bank in Singapore, where she was a senior vice
president, team leader and senior client partner.
Coutts, the flagship wealth management brand of Royal Bank of
Scotland Group, made two new additions to its Singapore business.
Clarrisa Mong was appointed as a director and joins one of
Coutts’ South East Asia private banking teams. She was previously
with ABN Amro Private Bank, covering the South East Asia market
as an investment consultant for seven years. Also newly-hired was
Shirley Tee as director, investment consultant for South Asia.
Tee joined from UBS Singapore, where she was a senior portfolio
manager for Asian equity
Bennelong Group, the Australian investment management group,
acquired a controlling stake in local wealth manager Carnbrea &
Co and named Fiona Rowland as head. Rowland will also oversee
Bennelong Foundation, the firm's charitable arm. She joins the
company after 12 years of holding senior roles at UBS, JBWere,
ANZ and law firm Minter Ellison.
Withers, the international law firm, strengthened its Asian
wealth planning practice with two appointments for its Singapore
branch. Philip Munro and Fernando Gandioli join the Asian team as
partners; both have been working with the firm for the past few
years. Gandioli specialises in US and international tax and
estate planning for HNW individuals, trusts and estates, while
Munro, a member of the funds, investments and business tax team,
focuses on estate planning, tax issues for entrepreneurs and
their families and fund vehicles for private clients.
Credit Suisse appointed Thomas Wong as managing director and head
of Hong Kong and China research and sales. In this Hong
Kong-based role, he is responsible for the bank's research and
sales efforts in China and Hong Kong. He also assumes the role of
regional head of oil and gas research, with primary
responsibility for China. He reports to Nicole Yuen, head of
Greater China equities, with additional reporting lines to Al
Park, head of equities sales for Asia-Pacific, and Ernest Fong,
head of research for Asia ex-Japan.
HLB Mann Judd, the Australia and New Zealand accounting
organisation that services private clients, hired two new
partners and three new directors to address its growing wealth
management client market. In Melbourne, Darryl Smith was made
partner in the business services area, while Andrew Lord was
named wealth management director. In Perth, Danny Buckley and
Kirstin Stewart stepped in as directors in the business services
division. In Sydney, Todd Gammel assumed the role of business
recovery and insolvency partner.
Income Partners Asset Management, the Hong Kong fixed income and
credit specialist manager, appointed Shen Tan as managing
director and client relationship management head. She moved from
Pyramis Global Advisors, where she was head of sales and
relationship management.
Hong Leong Bank, the Malaysia financial services firm, named Chee
Li Har as the new chief operating officer for its asset and
liability management arm. The news followed the appointment of
Tan Kong Khoon as chief executive and group managing director in
1 July. Tan was previously the group executive for the consumer
banking group of DBS in Singapore.
AXA Investment Managers boosted its Asian team with a new funds
distribution sales executive. Samuel Hui took up his new Hong
Kong-based role after serving as senior sales manager at Value
Partners. He reports to Sandra Lau, funds distribution sales
director for Asia.
Evercore, the US-based investment banking advisory firm, opened a
new office in Singapore and hired a former UBS executive to take
the lead. Keith Magnus, chairman and head of Singapore and
Malaysia investment banking at UBS, joined the firm as senior
managing director to establish the new Singapore office and as
chief executive for Evercore's on-the-ground business. In this
role, he focuses on providing strategic, merger and acquisitions
and capital markets advice to clients in Singapore and South East
Asia.
VP Bank, the Liechtenstein-based private bank, announced that its
managing director Reto Isenring is leaving the company in
mid-September after six years. His successor, Rajagopal
Govindarajoo, will take over starting 1 September, subject to
approval from the Monetary Authority of Singapore. Govindarajoo
most recently served as executive director and head of operations
at Chinatrust Commercial Bank in Singapore.
HSBC named Sanjiv Sud as the new retail banking and wealth
management head for India. He takes over from Gannesh Bharadhwaj,
who resigned from the company in May 2013 due to personal reasons
after serving for two years. Sud was previously the head of the
bank's consumer assets business in Asia-Pacific based in Hong
Kong.
Baring Asset Management appointed Anne Lui as head of marketing,
Asia ex-Japan, based in Hong Kong. Lui was previously head of
marketing and communications at Value Partners Group in Hong
Kong. In her new role, she reports to Claire Fraser, head of
marketing and communications, who is based in London.
Temasek, the Singapore investment management firm, has named Lim
Boon Heng as its new chairman effective 1 August 2013. He
replaces S Dhanabalan, who is retiring after serving 17 years as
chairman. The chairman role is a non-executive position.
Barclays, the UK-headquartered bank, named Vivian Chan as the new
wealth management head for North Asia effective 5 August 2013.
Chan joined Barclays from Credit Suisse, where she was managing
director and market leader for Greater China. She reports to
Didier von Daeniken, head of wealth management for Asia-Pacific,
the Middle East and Africa.
Deutsche Asset Management announced the appointment of Vikram
Kotak as chief investment officer for the equity arm of its
Indian business. Kotak, previously the CIO of Birla Sun Life,
replaces Aniket Inamdar, who left in late 2012.
RBC Wealth Management strengthened its South East Asia sales and
product teams with a raft of new hires. Tuti Go, Paulus Moniaga
and Johannes Wijaya join the company as senior directors for the
South East Asia arm of RBC Wealth Management. All three are based
in Singapore, but Go and Wijaya report to Samuel Witjaksono,
executive director for South East Asia, while Moniaga answers to
Kusnadi Sudikarman, senior director. Also now part of the Asia
team is Nelson Ilham, who assumes the role of director and head
of fixed income advisory and execution for Asia, based in
Singapore.
Wells Fargo Securities announced Mark Jones to the newly-created
role of head for the Asia business, based in Hong Kong. In this
position, he is responsible for overseeing all investment banking
and capital markets activities, including advisory services and
sales and trading for the Asia-Pacific region. He reports jointly
to the co-heads of Wells Fargo Securities' markets division and
the co-heads of the investment banking and capital markets groups
in the US.
National Australia Bank brought in former Bank of America chief
executive and country head Craig Drummond to become its new group
executive for finance and strategy. He starts at his new role at
NAB towards the end of 2013. He replaces Mark Joiner who is
retiring after seven years with the Melbourne-based lender.
Allianz Global Investors appointed industry veteran Greg Saichin
to lead its new global emerging market debt team in September
2013 after serving as head of emerging markets and high
yield fixed income portfolio management at Pioneer Investments.
This is a newly-created role.
BlackRock, the US-based asset manager, has confirmed the
departure of lead China equities manager Jing Ning in 21 June
2013. Ning was head of the BGF China Fund for the past five
years. Her old role will be co-assumed by Andrew Swan, head of
the Asian fundamental equity team, and Emily Dong, co-manager of
the BGF Asian Growth Leaders Fund.
James Harley is taking over as the new head of strategic
recruiting private banking Asia Pacific for Credit Suisse,
effective 19 August 2013. Harley joined from Nomura Investment
Bank where he was the head of experienced hiring (APAC).
Acorn Capital, the Autralian-headquartered boutique investment
manager, named Paul Quah as portfolio manager. Quah joins from
Hong Kong-based broker CLSA Asia-Pacific, where he was head of
regional small mid cap research.
The private banking arm of South African Nedbank appointed Andrew
Bates to head of its Middle East and Asia operation. Based in the
UAE, Bates will join Mark Leale, regional manager of the bank’s
Dubai office. Bates has been with the bank for over nine years,
previously overseeing the launch of its UK office in London.
Morrison & Foerster, the international law firm, added two new
partners to its Singapore office. Jake Robson and Adam Summerly
join from the Singapore office of Norton Rose Fulbright, bringing
eight and 14 years of industry experience respectively. Robson
focuses on merger and acquisition, private equity, cross-border
investment, joint ventures and asset-based deals throughout Asia.
Summerly advises clients on on a range of corporate deals,
including M&A, private equity, cross-border investment and
joint ventures.
AMP Capital strengthened its Asia fixed income business with the
appointment of Sonia Baillie as its new head starting
mid-September. She reports to Mark Beardow, head of fixed income
in Sydney. In addition, the company also transferred Nam Nguyen
from Sydney to Hong Kong to provide analytical support to the
macro markets team and guidance in constructing fixed income
portfolios. He continues to report to Simon Warner, the
Sydney-based head of macro markets.
Avaloq Group, the international banking software developer,
appointed Iain Dunstan regional head for Australasia. Dunstan
brings over 20 years of IT and financial software industry
experience and was previously the founder and managing director
of Bravura Solutions. He now reports to Peter Scott, general
manager for Asia-Pacific at Avaloq.
BNP Paribas Wealth Management strengthened its Asia business by
hiring Ann Margareth Eufemio as vice president, relationship
manager in the international and other Asian markets segment,
based in Hong Kong.
Global alternative investment firm Cube Capital named Shailen
Modi as its new chief operating officer, having previously worked
at Fauchier Partners, the fund-of-hedge-funds business. He
replaced Steve Kirk, who was with the company for six years.
JP Morgan Private Wealth Management hired Veronica Toh as
executive director of its Singapore office. Toh joined the firm
from HSBC Private Bank, where she was a director. She reports to
Salman Haider, head of South East Asia.
Kroll Advisory Solutions appointed Peter Glanville as associate
managing director for Greater China, based in Hong Kong.
Glanville used to be a senior member of the forensic team at
Deloitte Touche Tohmatsu. The firm also named Lester Yen as
senior director to specialise in Foreign Corrupt Practices Act
violataions and other misconducts.
Standard Chartered Private Bank named Jason Yeung as head of fund
sales in Hong Kong to lead the North East Asia advisory team.
Yeung was previously the senior director of the investment
product team at Bank Sarasin & CIE. He now reports to Stephen So,
the head of investment advisory for North East Asia, who joined
the company in 3 June 2013.
Baker & McKenzie strengthened its Singapore tax and wealth
management practice by relocating Eugene Lim from its Singapore
partner firm to Hong Kong. On 1 January 2014, Lim becomes head of
the Hong Kong business. His old role in Singapore will be filled
by Will Marshall.