People Moves

Summary Of Wealth Management Executive Moves - July 2016

10 August 2016


July proved to be a busy month for moves in regions such as Asia, with a number of big-brand banks seeing senior figures arrive and move on.

UK moves 
Robertson Baxter, based in Huddersfield, West Yorkshire, hired Jo Sparagna as operations manager, a newly-created role, while Stephen Crawshaw joined the client services team.

Sparagna joined from Azure Consulting and is responsible for managing all internal departments including the client services, technical and finance teams. She also leads the firm's human resources process, while overseeing the learning and development of all staff. Crawshaw joined after 11 years as a workflow senior administrator at Capita Asset Services. As client support administrator, he supports the firm's financial advisors, while carrying out administrative work to ensure records are kept accurate and up to date.

Rowan Dartington hired three new investment managers in London, Manchester and Liverpool, an equity research analyst in London and a stockbroker in Bristol. In London, the company appointed investment manager Gregg McAlister from RBC Wealth Management. In Manchester, Johnny Arthur joined from Hanson Asset Management, where he was head of investment management for two years. In Liverpool, David McNiven joined from Quilter Cheviot after four years as investment director. Arthur and McNiven represent Rowan Dartington from St James’s Place offices in Manchester and Liverpool. 

Rowan Dartington also hired equity research analyst Andrew Wace from Axa Investment Managers, where he covered retail, tobacco, aerospace and defence, and engineering sectors. In Bristol, stockbroker Edmund Mills joined from Beaufort Securities.

Woodford Patient Capital Trust appointed Carolan Dobson and Alan Hodson as non-executive directors. Dobson is currently chairwoman of Aberdeen Smaller Companies Income Trust, JP Morgan European Smaller Companies Trust and Brunner Investment Trust. She has more recently been appointed as a non-executive director to the boards of the BlackRock Latin American Investment Trust and Schroder UK Growth Fund. She also served as head of UK at Abbey National Asset Management. Hodson is non-executive director at JP Morgan Elect and HarbourVest Global Private Equity. He stepped down as chairman of Blackrock Commodities Income Investment Trust last year. Hodson was also chairman of trustees of the Great Ormond Street Hospital Children’s Charity from 2007 to 2015 and a partner at Mill Street Asset Management until the company went into liquidation in 2014.

UHY Hacker Young appointed Chris Smith as a new partner within its London office. Smith was previously audit partner for Barnes Roffe in London, where he advised owner managers and entrepreneurs. Before that, Smith spent 13 years as audit senior manager in KPMG's middle markets team.

GAM appointed Tim Rainsford from Man Group as its new group head of distribution, responsible for global sales and marketing as well as product development. Rainsford was previously global co-head of sales and marketing at Man. He succeeded Craig Wallis, who will step down from GAM's group management board at the end of this year.

Jupiter Asset Management appointed UK financial industry luminary Magnus Spence as head of investments, alternatives, a newly-formed role. Spence is responsible for building out the firm’s capabilities in the alternative investments segment. He focuses on Jupiter’s range of long/short equity UCITS products. Spence reports to Stephen Pearson, chief investment officer. 

BNP Paribas Investment Partners appointed Jean-Charles Sambor to the new role of deputy head of emerging market fixed income. Sambor joined from the Institute of International Finance, where he was Asia-Pacific regional director and chief executive of IIF APAC, based in Singapore, advising central banks, government policymakers, supranational organisations, asset managers and regulators. Before that, he was managing director and head of global emerging and frontier fixed income at Everest Capital. Now based in London, he reports to L Bryan Carter, the firm's head of emerging market fixed income.

Thomas See, head of structured fund management, left the firm, which also merged its structured fund management team with its portfolio solutions unit. See’s departure came after Schroders announced last month the separation of its multi-asset investments and portfolio solutions business into two separate units following the departure of Nicolaas Marais. See handed over to Schroder income managers Kevin Murphy and Nick Kirrage. 

Edinburgh-based Saracen Fund Managers hired Megan Heather-Cooley in the newly created role of fund specialist. Heather-Cooley works with the managers of Saracen’s existing funds – TB Saracen UK Alpha, TB Saracen Global Income & Growth and TB Saracen UK Income – to boost the information provided on portfolio changes and investment strategy.

Allfunds Bank appointed former Royal Bank of Canada director Nick Emmins to spearhead its new investment research offering to UK wealth managers and other third-party fund buyers. Emmins, based in London, was until recently a director at RBC, where he helped develop the bank's Luxembourg-based global fund trading platform. He has also held roles including head of business development at BNP Paribas Securities Services, head of institutional sales at BNP Paribas Asset Management and head of investment sales at M&G Investments.

Nick Irish, head of global equities at UBS Global Asset Management, left the firm “to pursue other opportunities”. Irish, based in London, joined the firm back in 2008 as a senior portfolio manager within the core/value equities team, having previously held a similar role for two years at HSBC Asset Management. He has also worked at Schroders.

Charles Burbeck took over leadership of the global equity team on an interim basis. He previously served as co-head alongside Irish. Before joining UBS Asset Management in 2013, he worked at Barclays Wealth & Investment Management as global head of equities.

Eaton Vance Management International appointed Hari Thirumalai as senior analyst, a new role within its global high yield team. Thirumalai joined from BTG Pactual, where he spent three years as a credit analyst specialising in high yield. He also worked for Brummer & Partners Asia in Singapore, where he worked on sovereign, investment grade, high yield and special situations investments across Asia. Before that, he worked for UBS in London as a senior credit strategist, and for Bank of America Merrill Lynch in global proprietary trading.

IAM Advisory appointed Simon Bowden and William Kay as directors of its board. Bowden, based in Guernsey, joined IAM Advisory back in 2003. As well as heading up a number of client portfolio relationships, he is a member of the investment committee heading up fixed income and foreign exchange research. Bowden, a member of the IAM Advisory management team, advises clients ranging from institutional investors to sovereign wealth funds and ultra-high net worth individuals. Kay, previously an associate director, is based in IAM Advisory’s Jersey office. He brings 40 years of experience in wealth management, including private banking, trust and corporate services and running a private family office.

Jonathan Polin, chief executive of Sanlam UK, joined the advisory board of CoInvestor. CoInvestor is an investment platform that enables private investors to co-invest alongside professional enterprise investment scheme fund managers.
Polin took the helm of Sanlam UK after Johannesburg-listed Sanlam announced it was combining all of its UK businesses – including financial advisor Sanlam Wealth Planning and discretionary fund manager Sanlam Private Wealth – into a single entity. Polin became CEO of Sanlam Private Wealth in October, having previously served as CEO of Ashcourt Rowan. In other high-level changes at CoInvestor, Sam Plumptre, an existing board member, was appointed CEO to support founder Charles Owen in the management of the business. Matthew Peacock, founding partner at Hanover Investments, joined the board as non-executive chairman. 

T Rowe Price appointed Matthew Jenkins to the newly-created position of head of strategic partners. He joined from Neptune Investment Management, where he has worked since 2007, latterly as head of advisory sales and strategic partners. Previously, he held roles at MetLife and Scottish Widows. He is based in London.

Fund manager Anthony Cherrington left London & Capital following the company's sale of its advisor solutions business. There were no plans to replace him given his job was linked to the recent sale. Cherrington worked at London & Capital for almost four years, having previously spent three years as a portfolio analyst at Russell Investments. Before that, he held similar roles at Mercer Investment Consulting and Goldman Sachs.

Brewin Dolphin appointed Louise Shaw and Nicholas Regan to the newly-created roles of divisional directors in its London office. Shaw joined after nine years at Kleinwort Benson where she was a client director. Regan has over 20 years’ experience in the financial services sector, and joins from BNP Paribas, where he was head of Asian equities in Europe. He previously held a similar role at Credit Suisse. Shaw reports to James Campbell-Johnson, divisional director, investment management, London and South East. Regan reports to Simon Blowey, divisional director, financial planning, London and South East.

Law firm Winckworth Sherwood appointed barrister Camini Kumar to its family team. Kumar joined from law firm Penningtons Manches. Kumar, an Oxford classics graduate with a first class law degree and Masters in European law, was called to the Bar in 2008. She has spent six years practising from chambers in London.

Rothschild Wealth Management appointed former Barclays Wealth & Investment Management employee Marcus Baker as a director in its UK business. He is based in London. Baker has 10 years’ experience providing wealth management, investment and structuring advice to international and UK based high net worth individuals, families, trusts and corporate clients, including resident non-domiciled clients. He worked at Barclays Wealth & Investment Management for 10 years (2006-2016). 

Allianz Global Investors appointed Kacper Brzezniak as a junior portfolio manager within its fixed income team in London. Brzezniak worked as a global fixed income trader at the Royal Bank of Scotland before spending three years as an interest rate derivatives and FX options trader at the National Bank of Fujairah in Dubai. He recently completed an MBA at Yale. Based in London, he reports to Mike Riddell, manager of the £71.5 million ($94.9 million) Allianz Strategic Bond Fund, which invests in fixed income across credit, inflation, duration and currencies.

Irwin Mitchell Private Wealth hired Olga Powell, an associate legal executive, within its trusts and tax planning team. Powell was previously a legal advisor at Blake Morgan and also worked at law firm Thomas Eggar before it merged with Irwin Mitchell last year. Fluent in Russian, she advises clients on tax aspects of UK private trusts, charitable trusts, wills and estate planning. She will be based in the firm’s Chichester office.

William Ladenburg left Close Brothers for private investment office Sparrows Capital. Ladenburg was previously private client director at Close Brothers Asset Management, where he worked for six years. Before Close Brothers, he spent four years with wealth manager WH Ireland. He is now director, head of client relationships at London-based Sparrows Capital, managing existing and new client relationships as well as helping to identify new business opportunities.

Guy Monson handed over his duties as managing partner at Sarasin & Partners to Greg Matthews to focus on his chief investment officer role. He became senior partner. Matthews leads the business and chair the firm's executive committee. Matthews joined Sarasin & Partners in 1994 after a career at Smith & Williamson as a chartered accountant. He has been chief operating officer of Sarasin & Partners since 2010, previously serving as the chief financial officer of the Sarasin (UK) Group since 2002. He was formerly chairman of the Financial Services Authority’s Smaller Businesses Practitioner Panel and a member of the FSA’s Practitioner Panel.

Head of operations Tim Temple succeeded Matthews as chief operating officer. Temple joined the firm in 2005 and became head of operations in 2009. Prior to this, he worked at WM Company, Deutsche Asset Management, and The Bank of New York. 

Separately, Sarasin also appointed six new partners: Chris Bell (legal counsel), Edward Campbell-Johnson (private clients), Phil Collins (asset management), Ruadhri Duncan (charities), Melanie Roberts (charities), and Tim Temple (operations).

Northern Trust Asset Management, part of Chicago-headquartered Northern Trust, appointed Julia Kochetygova as a senior environmental, social and governance (ESG) research analyst in London. Kochetygova was previously head of sustainability indices at S&P Dow Jones Indices, where she led the global S&P ESG index development, including the launch of several new sustainability index families.

Aviva Investors hired Bryony Deuchars as a fund manager within its emerging market equities team. Deuchars, who has 16 years’ investment management experience, joined from Schroders, where she was a senior equity analyst, covering emerging markets. Previously, she was an equity analyst with WestAM.

Man GLG appointed a group of five investment professionals, completing hires for its recently-created emerging markets debt team. The team is based in New York and London, working under the firm’s head of emerging markets debt strategies, Guillermo Ossés, who joined the business at the start of the year.

Phil Yuhn joined as a portfolio manager based in New York. Yuhn was previously a portfolio manager at American Century Investments, and prior to that worked alongside Ossés as a senior portfolio manager at HSBC Global Asset Management.

Jose Wynne joined as a portfolio manager based in New York, coming from Barclays, where he was head of FX research and managing director. Prior to this he worked within the North America FX strategy team as well as spending time as a senior emerging markets strategist.

Lisa Chua joined as a portfolio manager based in New York. She previously worked alongside Ossés as part of the emerging markets debt team at HSBC Global Asset Management in the US.

Ehsan Bashi joined as a portfolio engineer based in New York. Bashi was previously a manager at KPMG, advising clients on risk management related matters.

Maria do Carmo Cal joined as a product specialist, based in London. She was previously managing director and head of capital markets at Banco Itaú BBA International, leading the development of the bank’s debt syndicate offering. 
Cazenove Capital appointed Kim Nelson as regional business development manager, based in Edinburgh. Nelson joined from Tilney Investment Management, where she was an investment advisor based in the firm's Glasgow office. She has eight years’ investment experience, having also worked at Deutsche Bank Private Wealth Management and Standard Life Investments, according to her LinkedIn profile. Her role is a newly-created one. 

Discretionary investment manager Quilter Cheviot appointed Bronia Widdows to its office in Llandudno Junction, North Wales. Widdows has around 30 years’ industry experience. She joined from Coutts & Co, where she was an associate director. Her previous responsibilities include investment planning, financial advice, discretionary portfolio management, inheritance tax planning, trusts, wills and estate. She is also authorised to provide investment advice to charities.
Eaton Vance Management International appointed Tjalling Halbertsma as managing director, responsible for leading business development globally.

Halbertsma joined from Nuveen Investments in London, where he was most recently head of Europe, the Middle East and Africa. He managed a team covering a range of markets focused on leveraged loans, US and global equities, and US fixed income. Before Nuveen, he worked at Man Group, Morgan Stanley and UBS Investment Bank. In the new role, he reports to Matt Witkos, president of Eaton Vance Distributors.

DBS Private Bank opened a wealth management office in London, appointing Jeremy Parlons from Royal Bank of Canada as UK market wealth management head. He joined after four years as a director at RBC Wealth Management in London, where he was responsible for building the firm's exposure to ultra-high net worth and family office clients as well as working on several cross-banking client transactions and collaboration committees. Before RBC, he spent nine years with Credit Suisse Private Banking.

Old Mutual Wealth appointed Iain Wright as chief risk officer, replacing Kevin Lee-Crossett. Lee-Crossett previously held the joint role of chief risk officer and chief legal officer. He now solely serves as chief legal officer, responsible for the legal functions of the Old Mutual Wealth business.

Wright joined from Sun Life Financial, where he was senior vice president, enterprise and operational risk. He previously served as chief risk officer at Prudential UK and Europe. He has also worked at the London Stock Exchange as head of equity and debt markets. He is based in London and reports to Paul Feeney, chief executive of Old Mutual Wealth.

 Neptune Investment Management appointed Stewart Cowley as a fixed income consultant. Cowley was most recently head of fixed income and macro at Old Mutual Global Investors, where he managed the Old Mutual Global Strategic Bond and Old Mutual Managed funds. During his 30-year career in the industry, he has also held senior executive roles at Invesco, Hill Samuel Asset Management and Newton Investment Management.

Fund manager Sarah Emly returned to JP Morgan Asset Management after a nine-month period of sick leave. Emly, who stepped down in September last year, resumed her role as a portfolio manager within the firm's European equity group on a part-time basis. Based in London, she has been with JP Morgan for over 20 years and specialises in managing UK institutional portfolios. 

Parker Fitzgerald promoted Jeremy Scott to the new role of vice chairman. Scott was managing director, head of institutional relationships. Previously, he was global financial services leader and global board member at PricewaterhouseCoopers. He is based in London. 

PIMCO, the investment firm, appointed Gene Frieda as global strategist for its emerging markets and global strategies, and Yacov Arnopolin as emerging markets portfolio manager. They are based in London.

Frieda reports to Andrew Balls, MD and chief investment officer for global fixed income. Arnopolin reports to Michael Gomez, MD and head of the emerging markets portfolio management team. Frieda previously worked at Moore Capital Management, where he was a partner and senior global strategist. Arnopolin was a managing director and portfolio manager at Goldman Sachs Asset Management in New York, where he helped oversee emerging market portfolios for institutional clients such as pension funds, insurance companies and sovereign wealth funds.

Tom Milson from Lloyds Private Banking joined the London office of GWM Investment Management as executive director. Milson, who has nearly 20 years of industry experience, was at Lloyds Bank Private Banking. He spent the last six years there as a senior private banker, responsible for managing and overseeing over £500 million ($654 million) in client assets. Before that, he was an independent financial advisor at the bank.

AXA Investment Managers appointed John Stainsby, formerly of JP Morgan Asset Management, as head of its UK private client group. He leads UK distribution efforts among wholesale and institutional clients. At JP Morgan Asset Management, Stainsby worked for 16 years, most recently as its head of UK institutional business. 

Legal and General Investment Management appointed Stephen Gray to the newly-created role of head of wealth management. Gray, who has 18 years of industry experience, joinws from AXA Investment Managers, where he was head of discretionary sales. Previously, he was regional sales manager at Framlington Unit Management. Gray is based in London and reports to Simon Hynes, head of UK retail sales. 

Kames Capital hired Yasmine Ellis as business development manager within its UK wholesale distribution team. Ellis joined the London-based team from Schroders. In her new role, she is responsible for building and maintaining relationships with UK private banks, financial institutions, fund of funds, discretionary and advisory wealth managers, stockbrokers and family offices in London. She reports to Kames' head of UK regional sales, Mark Savage.
Cerno Capital  appointed Jonathan Reed to the newly-created role of private client director.

Reed joins after six years at HSBC Private Bank, where he was an associate director. While at HSBC, he was selected to take part in the bank’s Next Generation Future Leader Programme, which fast-tracks talented employees into senior management roles. He was previously a client advisor at Seven Investment Management. Before that, he worked at Brown Shipley.

Law firm Bircham Dyson Bell appointed Elizabeth Neale to be head of private wealth, succeeding Helen Ratcliffe, who stepped down from the role after five and a half years. Neale has been with Bircham Dyson Bell since 1998.
Separately, other recent changes at the firm included the appointment of Matt Braithwaite as partner; Simon Weil, formerly a partner in the charities team, returning to the department to support the firm’s international offering, and the appointment of Geoff Kertesz as head of the firm’s wills and trusts disputes team.

Brewin Dolphin hired Philip Thitchener as a business development manager covering intermediaries in the South West. Thitchener has 25 years of industry experience, much of which he spent providing investment solutions to independent financial advisors. He joined from Bristol-based Whitechurch Securities, having previously worked at JP Morgan Asset Management. In his new role, he works out of Brewin’s Exeter and Plymouth offices.

Standard Chartered appointed a top International Monetary Fund executive, José Viñals, as its new chairman. He replaces Sir John Peace, who will step down on 1 December. Viñals is the financial counsellor and director of the monetary and capital markets department of the IMF. His role includes oversight and direction of its monetary and financial sector work. He is the IMF’s chief spokesperson on financial matters, including global financial stability. He was a member of the plenary and steering committee of the Financial Stability Board for seven years. Viñals started his career as an economist before spending 25 years at the Central Bank of Spain, where he rose to be the deputy governor.
Lawrence Lua was promoted to the role of deputy head of DBS Private Bank. Lua was previously head of South and Southeast Asia at DBS Private Bank and will continue to report to Tan Su Shan, the group head of consumer banking and wealth management. Lua joined DBS Private Bank in 2011.  

Standard Chartered also hired former senior Barclays manager Srinivas Siripurapu as regional head, private banking, ASEAN and South Asia and as global head, non-resident Indian clients. He took over the regional leadership for ASA from Peter Kok. Kok was most recently the MD and regional market manager at UBS, where he led the wealth management business in Singapore and Malaysia, as well as the external asset management in Singapore and Hong Kong. 

Standard Chartered added to its advisory team in the ASEAN market region. Doreen Tan was appointed as an associate director and investment advisory for ASEAN International. She covers managed investments and capital markets products for the bank’s non-resident India and global India, Malaysia, Thailand, Vietnam, Philippines and international clients. She spent the bulk of her career in Citi Smith Barney and Citicorp Investment Bank, starting as a management associate in research advisory in 2008. Alfred Foo joined as associate director, investment advisory for ASEAN International. In this role, he covers managed investments and capital markets products for NRI/global India, Malaysia,
Thailand, Vietnam, Philippines and international clients. He was most recently with the Vanguard Group in Pennsylvania.

In other moves, the head of India private banking at Standard Chartered, Sandeep Das, left the bank.

DBS hired Joseph Poon, former head of UBS UHNW segment in Singapore. Poon left UBS in May this year after a restructuring of the Swiss bank's Singapore management. Poon had been at UBS since May 2012, having previously served as managing director at Julius Baer, where he was a member of the firm's Asia executive committee. Prior to this, he was chief executive of Macquarie Private Wealth Asia in Singapore and responsible for building up the UHNW segment in Asia.

Societe Generale announced new country heads for Japan and Switzerland. Raphael Cheminat was appointed group country head for Japan, with effect from 1 September 2016, subject to regulatory approval. He replaced Guillaume Burtschell who took on a new role within the group. 

Hugues de la Marnierre was appointed group country head for Switzerland, in addition to his existing roles as head of corporate and investment banking in Switzerland as well as senior banker covering Swiss financial institutions. He replaced Yves Thieffry who was recently appointed chairman of the board of directors of Societe Generale Private Banking Switzerland.

UBS Asset Management appointed Hayden Briscoe to the new role of head of fixed income, Asia-Pacific. Briscoe joined from Alliance Bernstein, bringing over 24 years of fixed income and currency experience. Based in Hong Kong, he oversees all fixed income portfolio management and business activities in the region. He reports to John Dugenske, global head of fixed income at UBS Asset Management. He also joined the firm's asset management APAC executive committee.

Another of Singapore's cluster of independent asset managers added to its team. River Valley Asset Management appointed Anand Ramachandran as partner and fund manager. Ramachandran was previously a senior portfolio manager with Legg Mason International Equities, firstly in Singapore and then in London for nine years.

Arnulfo de Pala was appointed chief investment officer at TriLake Partners, the Singapore-based firm. A Filipino and US national raised in the Philippines, de Pala joined in July. He has a financial sector career spanning more than 25 years.

Mumbai, India-based banking group IDFC appointed Vishal Kapoor as chief executive of IDFC Asset Management Company. His most recent role was at Standard Chartered Bank as managing director, head of wealth management, India.

Withers appointed seven new partners across its offices in Europe, the US and Asia. In Asia, Laurence Ho was promoted in the wealth planning and tax team in Hong Kong, as were Samantha Gershon within the family team in Hong Kong and Lim Hui Ying within the litigation and arbitration team in Singapore.

National Australia Bank unveiled top-level management changes. Senior figures Michaela Healey, group executive, governance and reputation; Renee Roberts, group executive, enterprise services and transformation; and Gavin Slater, group executive, personal banking, left the bank. The business and private banking arm is led by Angela Mentis. A newly created customer-facing business unit was created, Corporate & Institutional Banking, and Cathryn Carver will hold the role of chief customer officer, CIB, while an “internal and external executive search is conducted”. Andrew Hagger is to lead consumer banking and wealth management, a segment also changed by NAB.

Al Rajhi Bank Malaysia, a wholly-owned subsidiary of the world’s largest Islamic bank, Al Rajhi Bank, Kingdom of Saudi Arabia, appointed Datuk Dr Nik Norzrul Thani Bin Nik Hassan Thani as its new chairman. Datuk Dr Nik has more than 35 years of local and international experience in the legal, academic and Islamic banking sectors. 

Credit Suisse’s private banking operation in Asia recruited Stella Kong and Edwin Lim as market group heads for China and Taiwan, respectively. Kong and Lim, who are based in Hong Kong, joined existing market group heads Alex Ng and Orchid Yuan in leading the bank's China and Taiwan franchises respectively. The newly-appointed duo have more than 30 years’ experience in senior frontline leadership roles covering Greater China markets with major financial institutions. 

Kong previously worked at Standard Chartered, where she was the deputy regional head of private banking, Greater China and North Asia. Prior to that role, she was vice chairman of China at Sarasin Rabo Investment Management, head of private banking for China and North Asia at ABN AMRO, and head of the Taiwan market at both Deutsche Bank and UBS. Edwin Lin previously was head of Northeast Asia for HNW at JP Morgan Private Bank. That role is not being replaced by JP Morgan. 

Credit Suisse appointed Marcel Schuler as chief operating officer of international wealth management. Schuler replaced Romeo Lacher, who held the COO position at the IWM business since November last year. He has in the past served as head of operations for Credit Suisse’s private bank. 

Teddy Chu was appointed as head of Credit Suisse trust and estate advisory, Hong Kong. Eleanor Yuen formerly held the role. Based in Hong Kong, Chu leads a specialised team providing wealth planning services. He reports to Stefan Aegerter, global head of trust and estate advisory, and locally to Rajesh Manwani, head of investment solutions and products, Asia-Pacific. 

KPMG Australia appointed Craig Wishart to the post of chief information officer. He took over the role from Anthony Stevens, who led the firm’s digital services team in the newly-created role of chief digital officer. Wishart is a technology and operations executive who has led the delivery of large-scale business transformations, cloud services implementation, and service operations change programmes. He previously worked at UXC, where he was chief information officer and chief technology officer. Prior to this he was CIO and executive general manager for customer services at Service Stream. He has also held various executive IT roles at ANZ Bank, Telstra, Rio Tinto and Sensis.

Thirdrock Group appointed Suanjin Tan as senior portfolio manager and Yi-Lin Lee as senior fixed income strategist, portfolio manager. The pair co-manage a discretionary fixed income strategy. Previously, Tan was lead portfolio manager for China credit and head of Asian private credit for BlackRock, co-managing fixed income portfolios in excess of $8 billion. In addition to his portfolio management responsibilities, Tan was also a senior credit analyst with a particular focus on Chinese corporates and oversaw the firm’s China research efforts. Before that, he was investment director and head of Southeast Asia at Citi Venture Capital International.
Lee brings over 15 years of investment banking experience in global credit and interest rate markets to Thirdrock. She has worked for the fixed income trading businesses of Merrill Lynch, Deutsche Bank, Royal Bank of Scotland and Haitong International, with management responsibility in the last two roles. 

Former HSBC Private Bank employee Michael Hua, who left his Singapore-based role three months ago, resurfaced at Liechtenstein-headquartered LGT. Hua was in charge of HSBC’s private bank relationship groups serving the Philippines, Malaysia, Thailand and Vietnam. He joined the bank in 2004, according to his LinkedIn profile. Prior to this, he worked at Coutts for around six years.

Mercer, the consultancy, expanded its delegated investment solutions offering to Singapore, led by Soon Kian Lee, a principal at the firm and head of investments for the ASEAN region. The move followed Mercer’s launch late year of the business in Japan. Soon joined the firm in 2006 and reports to Jeffery Schutes, Mercer’s growth markets investments business leader and global leader for alternatives. Soon will also work with Amit Popat, a partner and business leader for the delegated solutions business, growth markets, who is based in Singapore.

Commonwealth Bank’s wealth management unit, Commonwealth Private, named Marianne Perkovic as a new executive general manager, based in Sydney. Perkovic joined Commonwealth Bank in January 2010 as Colonial First State general manager for distribution and she was in charge of the organisation’s wealth management advice business for the past four years. 

Australia-listed ClearView Wealth appointed three new business development managers. James Blanton was appointed to the role for New South Wales and the Australian Capital Territory. He has worked in the financial services sector for 15 years. He was previously a senior business development manager for the Asteron NSW team. Meanwhile, Nick Dowling took up the same role for Victoria and Tasmania. He has worked in the sector since 2000. Before joining ClearView, he worked for five years at Macquarie. Richard Monroe was named business development manager for Queensland. He has worked in financial services for 16 years, spending time as both a financial advisor and a life insurance business development manager. 

Deutsche Asset Management, part of the Frankfurt-headquartered bank, appointed Victoria Sharpe as managing director and head of real estate for the Asia-Pacific region. Sharpe is based out of Singapore and reports to Pierre Cherki, head of alternatives. Sharpe has more than 30 years of experience developing and executing global real estate strategies, working in London, New York, Singapore and Munich.
The head of India private banking at Standard Chartered, Sandeep Das, left the bank. As part of the change, Aman Rajoria, who is executive director and market head, West, took over in the interim.

Nerine Trust Company in Hong Kong appointed Michelle Sng as wealth and estate planning manager. Singapore-born Sng is a qualified Australian lawyer and has worked in private client practice advising clients on matrimonial issues and assisting in international arbitration matters. She later joined a trust and corporate service provider as a wealth and estate planning manager, advising high net worth individuals for succession and estate planning. 

TriLake Partners, which is headquartered in Singapore, appointed a former Credit Suisse executive, Dr Daniel Brunner, as executive director, senior client relationship manager. Prior to joining TriLake Partners, Dr Brunner was MD at Credit Suisse in the private banking and wealth management division, based in the Zurich head office. He has held a number of other roles in different parts of the Credit Suisse group. He has also been a board member of the Swiss-Asian Chamber of Commerce since 2011 and is co-chair of the Philippines chapter. 

Old Mutual Global Investors, part of Old Mutual Wealth, appointed Gerard Clancy to the post of head of sales for Southeast Asia, based in Singapore. The role was a newly-created position. Clancy reports to Carol Wong, managing director, Asia-Pacific, who is based in Hong Kong. Previously, Clancy worked at Columbia Threadneedle Investments. There, he was executive director, wholesale distribution, for two years. 

Data protection and information management firm Commvault appointed Matthew Johnston as area vice president for the ASEAN region and South Korea. Prior to Commvault, Johnston held a number of software leadership roles at Dell, including managing director for Greater China and general manager of solution sales in Asia-Pacific and Japan.

Jersey Finance appointed An Kelles as business development director for Greater China, replacing Yumei Zhang, who left the organisation. Kelles joined from Intertrust Group’s Hong Kong office, where she was business unit director for the European and private equity teams. Before that, she was a corporate lawyer and business unit manager at ATC Corporate Services in Luxembourg, which later merged with Intertrust. She has also worked in the international business team of law firm Matheson in Dublin, Ireland.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes