People Moves
Summary Of Executive Moves In Asia-Pacific Wealth Management – October 2021

October was a busy month for moves in Asia-Pacific, with Credit Suisse being one of the standouts. A number of other banks such as DBS, Standard Chartered and Deutsche Bank figure among the firms in play.
Pictet and Bangkok Bank unveiled a strategic wealth management
alliance to tap into Thailand's emerging wealth story. Claude
Haberer, a Pictet equity partner and chairman of the wealth
management arm in Asia, joined Bangkok Bank as an advisor to the
president from January 2022 after he retired from Pictet.
Value Partners appointed June Wong as president. Based in Hong
Kong, she is responsible for managing overall business operations
and corporate strategy for the group. The former State Street
Global Advisors regional head reports to co-chair and co-chief
investment officers Dato’ Seri Cheah Cheng Hye and Louis
So.
Wong was most recently Asia ex-Japan chief executive for State
Street Global Advisors, and before that served as vice chair for
Asia Pacific at Columbia Threadneedle. The 30-year veteran has
had a number of senior roles in the region, including senior
managing director and head of Asia ex-Japan institutional
business at AllianceBernstein and head of business development at
HSBC Asset Management.
Hines, the international real estate firm, appointed Jon Tanaka
as senior managing director and country head for Japan. Reporting
to Ray Lawler, CEO of Asia-Pacific.
Union Bancaire Privée appointed two senior sectorial analysts –
Vey-Sern Ling and Nicolas Wang – who covers Asia technology and
healthcare.
Ling joined UBP in Singapore as senior equity advisor, Asia
technology. Ling oversees technology and internet equity coverage
in Asia, with a particular focus on China. Prior to joining UBP,
Ling was a senior analyst with Bloomberg Intelligence covering
the Asia Internet sector. He previously held senior positions
with BNP Paribas and UBS.
Wang. who joined the firm in Hong Kong as senior equity advisor,
Asia healthcare, oversees healthcare equity coverage in Asia,
with a particular focus on China. Before joining UBP, Wang was a
managing director at Haitong International Research.
DBS Group named Soh Kian Tiong as its chief risk officer. He took
over from CRO Tan Teck Long, who left the bank to return to a
customer-facing role. Soh reports to DBS chief executive Piyush
Gupta.
Standard Chartered appointed Vinay Gandhi as regional head, for
the ASEAN region, and global head of the Global South Asian
Community, private banking, subject to regulatory approval. He
joined from J Safra Sarasin, where he was most recently chief
executive for Singapore and deputy CEO, Asia. Gandhi has 30 years
of international experience in the financial services industry,
of which the majority has been in wealth management. He has
managed senior client advisory teams as well as having served
ultra-high net worth families.
Deutsche Bank Wealth Management appointed Tse Yi-Mun as a
managing director and group head for North Asia. Based in
Singapore, Tse reports to Kanas Chan, head of Wealth Management
North Asia. Tse joined from HSBC where she was the market head
for Hong Kong. She began her career at DBS and ABN AMRO where she
was a relationship manager and desk head covering the Greater
China region.
Indosuez Wealth Management appointed Josephine Tom as fixed
income specialist for the bank’s Hong Kong branch. Tom has more
than 20 years’ experience specialising in fixed income. Prior to
joining Indosuez, she spent 16 years with DBS Bank in Hong Kong,
where she was fixed income sales head for more than two
years.
Pictet Wealth Management appointed Alexandre Tavazzi as Asia
chief investment officer. He had been global strategist and head
of CIO Office for the firm. Based in Hong Kong. Tavazzi retained
his existing duties and continues to report to Cesar Perez Ruiz,
head of investments and CIO, and locally to Evelyn Yeo in the
additional role.
Former Bank of Singapore managing director Faye Lee joined
Deutsche Bank Wealth Management as an MD in the South-East Asia
team led by Shang-Wei Chow. Based in Singapore, she reports to
Terence Leong, group head of South-East Asia. She has more than
17 years of wealth management experience. Prior to Bank of
Singapore, Lee was with ING Asia Private Bank, which was acquired
in 2009 by OCBC Bank from ING Group.
Capital Group appointed Toby Chan to the newly-created role of
head of Hong Kong client group. Based in Hong Kong, Chan is
responsible for the firm’s distribution strategy for intermediary
and institutional clients in Hong Kong and the Greater Bay Area.
She reports to Grant Leon, managing director of financial
intermediaries for Europe and Asia at Capital Group. Most
recently she was HSBC’s global head of Jade and Top Tier
Proposition, managing the bank’s affluent and high net worth
client segment. In her 15 years with HSBC, she held various
senior positions across asset management and wealth management,
amongst others.
Global law firm Dechert named senior lawyer Daniel Margulies as a
partner in its financial restructuring practice, based in Hong
Kong. Margulies has extensive experience in financial
restructuring and insolvency matters, distressed asset sales as
well as cross-border and special situation financings.
Barclays named Angela Liu as country chief executive for China.
Liu reports to Jaideep Khanna, head of Barclays, Asia-Pacific.
With almost two decades in the banking industry, Liu recently
worked at Deutsche Bank as head of institutional client group,
China and Hong Kong, where she led client coverage and
distribution across its entire product spectrum. Prior to that,
Liu worked at Morgan Stanley for more than 17 years in New York
and Hong Kong.
Credit Suisse named Thidatip Thitikarunwong as a team leader.
Based in Bangkok, she leads a new Thailand onshore group, which
includes newly-appointed relationship managers Nakkagamon Manosri
and Naphak Tachasiriamorn. Prior to this, she worked at CIMB
Thailand where she was a private banking team head.
Thitikarunwong has 20 years of experience in various leadership
and relationship management roles, including 10 years with
Citibank Thailand and UOB Thailand.
RBC Wealth Management made two senior appointments in its
relationship management team in Hong Kong. Fenny Chan and Angela
Chow joined as directors at the team, working with high net worth
and ultra HNW clients in the region. They focus on working with
families in Greater China who have international ties with
Canada, the US and the UK as a result of business interests,
employment, property or education.
Chan previously spent 25 years in senior client roles at HSBC,
where she provided wealth solutions across banking, investment
advisory and wealth planning.
Chow previously worked at Credit Suisse, where she was vice
president, relationship manager. Earlier in her career, she
worked at BNP Paribas, LGT and Citibank (HK). Both report to
Xygent Chan, who joined the firm earlier this year.
Credit Suisse appointed five team leaders for its north Asia
private banking business.
Sunny Ho joined the bank as team leader for the Hong Kong market.
Ho was previously head of private banking at China Minsheng Bank
where he was responsible for the development and implementation
of business strategies. Prior to that, Ho worked at HSBC,
Citibank and Societe Generale. In his new role, he reports to
Rickie Chan, market group head of Hong Kong.
Edith Wong, who joined as team leader for the China market, has
more than 20 years of experience in the financial services
industry, working with ultra-high net worth clients. She
previously served in a similar role at JP Morgan Private Bank.
Before that Wong spent 12 years at UBS Wealth Management in Hong
Kong. She will report to Martin Loh, market group head of China.
Mel Chua was named team leader for Greater China Singapore. He
served as the head of front office [business] at the Bank of
China Private Bank, starting in 2018. Before that, Chua worked at
Bank of Singapore (Hong Kong Branch), UBS and HSBC Singapore.
Chua reports to John Huang, market leader, Greater China
Singapore, and Huang reports to Eddy Sze, market group head of
Hong Kong.
Edward Lee, who has worked for Credit Suisse since 2008, was made
team leader for the Hong Kong market. Previously, he was a senior
investment consultant for Greater China, where he was responsible
for driving investment sales momentum and client engagement.
Besides Credit Suisse, he has served in senior roles at HSBC and
Citibank.
Steven Lau, who has worked at Credit Suisse for more than five
years, was appointed team leader in the Hong Kong market. Prior
to joining the bank, Steven was with Marex Spectron, BNP Paribas
and Ernst & Young. He reports to Eddy Sze, market group head of
Hong Kong.
Cédric Lizin, regional head, ASEAN and South Asia, and global
head, global South Asia community, private banking, left the
bank. Lizin was appointed to his role in December 2019. Prior to
Standard Chartered, he was most recently head of wealth
management and senior executive officer for UBS in
Dubai.
Credit Suisse shareholders approved the election of Alex Lehmann
and Juan Colombas to join the board of directors. Lehmann was
also made the new chair of the risk committee, succeeding Richard
Meddings, who had been acting as ad interim chair in addition to
being chair of the audit committee. Colombas was also elected as
a new member of the compensation committee as proposed by the
board of directors.