People Moves

Summary Of Asia-Pacific Executive Moves For July 2013

Vanessa Doctor Reporter 12 August 2013

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.

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