People Moves
EFG Names North Asia Vice Chairman, Adds RMs In Hong Kong, Singapore

The private bank said that it is increasing its market presence in the Asia-Pacific region.
EFG has appointed industry veteran Timothy Lo as its North Asia vice chairman. It has also hired client relationship officers to join its teams in Hong Kong and Singapore.
Lo (pictured) will report to Albert Chiu, executive chairman of
EFG Bank, Asia-Pacific. He will also work with Kees Stoute, North
Asia CEO, and Richard Straus, North Asia head of private banking,
EFG Hong Kong branch, to support the bank’s CROs and drive
business growth in the region.
With more than 35 years of industry experience, Lo is joining
from Credit Agricole Indosuez, Hong Kong, where he has served as
deputy CEO and commercial head, North Asia, since 2017. During
his tenure, he oversaw the management of all North Asia marketing
units, including 40 relationship managers. Prior to that, Lo was
managing director and head of North Asia for CIC Investor
Services.
In Hong Kong, the firm has hired eight CROs, including Michelle
Wu, who is joining the bank as team head and managing director.
Wu previously served as private banking team head at Credit
Agricole Indosuez, bringing with her 15 years of wealth
management experience. She will be supported by Ben Chu as MD and
Ashis Sengupta and Ernest Cheung as directors. Wu will report to
Richard Straus, head of private banking.
EFG’s Singapore branch has also hired three CROs. Nobuhiro Sano
has joined EFG Singapore as a managing director, together with
Michael Ting and Yichen Shen. Sano previously worked for Nomura
Group, where he held various management positions since 2001,
including head of wealth management and head of China business
strategy at its Asian branches. The three CROs, who collectively
bring more than half a century of banking experience to EFG, will
report to Oliver Balmelli, head of private banking and deputy
CEO, EFG Singapore.
“Ensuring the balanced contribution of net new assets (NNA) from
both our new and existing CROs is a key part in the bank’s NNA
growth strategy. I am therefore excited to have on board senior
bankers such as Timothy Lo and Michelle Wu alongside our new
CROs: Their expertise and profound knowledge of the industry will
be invaluable in helping us drive forward our strategy to achieve
growth in Asia. EFG is continuing to attract highly experienced
CROs in Asia Pacific as we increase our market presence in the
region and enhance our service offering,” Albert Chiu, executive
chairman, Asia-Pacific of EFG Bank, said.