People Moves

Who's Moving Where In Wealth Management? - Maitri Asset Management, Capital Group

Editorial Staff 12 January 2021

Who's Moving Where In Wealth Management? - Maitri Asset Management, Capital Group

The latest senior moves in wealth and asset management from across Asia.

Maitri Asset Management
Singapore-based Maitri Asset Management has appointed DBS veteran Lawrence Lua to join its advisory board, with effect from 1 January.

Lua will be based in Singapore and help the firm to increase its sustainable wealth strategies across Asia. In November, it launched the second fund in its portfolio - the Sustainable Liquid Income Fund.

Lau was managing director and global head of private banking at DBS, where he spent a decade. He stepped down a year ago to become a senior advisor. His 35 years in banking across Asia includes roles at Julius Baer, Merrill Lynch and Citibank.

He will advise Maitri on its portfolio and operations, including providing strategic direction to the business, advising on regulatory matters, and boosting investing and growth strategies, the firm said.

“His vast experience in driving successful private banking and wealth strategies will be invaluable as we continue to grow our portfolio,” Manish Tibrewal, Maitri’s chief executive said.

Capital Group
Capital Group, overseeing more than $2.1 trillion of client money, has appointed Tetsuya Koizumi as the president of its Japan business and head of Japan Client Group. 

Koizumi brings more than 30 years of industry experience to the firm, most recently serving as representative director and president at Deutsche Asset Management. Prior to that, he spent 14 years at Fidelity Investments where he was executive vice president and head of its pension sales and pension business divisions. He started his career with Nippon Life where he served for over a decade at its Japanese and US offices.

He will be working closely with Seung Kwak, who is the representative director and chairman of Capital International KK.

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