People Moves

Summary Of Global Moves In Wealth Management – April 2022

Editorial Staff, 17 June 2022


The international private banking arm of Deutsche Bank made two appointments in its Asia-Pacific discretionary portfolio management arm. Stefanie Holtze-Jen was named as head of DPM for Asia-Pacific, and Harsh Agarwal was made DPM head of fixed income in Asia.


Based in Singapore, Holtze-Jen took on responsibility for DPM, Asia-Pacific, in addition to her role as chief investment officer, Asia-Pacific. She reports to Tuan Huynh, global head of discretionary portfolio management, in addition to her CIO reporting line.

Agarwal, who reports to Holtze-Jen, joined Deutsche Bank in 2013 and has more than 15 years of experience in the fixed income markets, spanning local currency credits, investment grade, high yield, distressed debt, and convertible bonds. He was most recently co-head of APAC credit desk strategy, and a senior member of the global credit trading team in the investment bank. 

Manulife Investment Management appointed Jessie Liu as head of transactions and portfolio management, real estate, private markets, Asia. In her new role, she reports to Marc Feliciano, global head of real estate, private markets, and will join Manulife Investment Management’s global real estate leadership team. Since joining Manulife Investment Management in 2019, Liu led and completed multiple investment transactions in key Asia markets across different property types including logistics, commercial and multi-family. She is based in Hong Kong. 

Channel Islands-based financial services firm PraxisIFM Group named Katja Daborn as managing director of its Hong Kong office. Daborn, who has been at the firm for 15 years, leads a 15-strong team. She began her career by attaining an LLB (Hons) law degree specialising in German law. With prior experience in employment law, Daborn is also experienced in employee matters, and can speak many languages including English, German and French.

Julius Baer named former UOB Private Bank senior figure Wai Meng Loh as team head for Greater China. Wai Meng Loh is based in Singapore. Wai Meng Loh worked for five years at UOB, most recently as senior team leader for the North Asia market. Prior to this, he worked at senior management level at AirAsia, Singapore Press Holdings and OCBC Bank.

T Rowe Price appointed Ramon Maronilla as fixed income portfolio specialist, based in Hong Kong. Maronilla joined the firm’s investment specialist group, which has 46 specialists globally. Maronilla reports to Sydney-based Nick Beecroft, Asia-Pacific head of investment specialist group. Prior to this, he spent 11 years at JP Morgan Asset Management, where he was a managing director and head of fixed income investment specialists for Asia-Pacific-ex Japan. 

Sumitomo Mitsui Banking Corporation appointed Tomofumi Watanabe as managing director and co-general manager of the structured finance department, Asia-Pacific division. Watanabe was previously based in Tokyo where he served as the GM of global structured finance department Tokyo. He has more than 10 years’ experience overseeing various structured finance transactions, including telecommunications, theme parks, transportation, shipping, energy, power and other infrastructure. Watanabe was also responsible for overseeing the opening of the SMBC office in Silicon Valley, California. In his new role, based in Singapore, Watanabe is overseeing the bank’s regional portfolio focused on sustainable energy, infrastructure and natural resources. Watanabe, who succeeded Ken Tomisaki, reports to the managing executive officers and co-heads of the Asia-Pacific division – Yuichi Nishimura and Rajeev Kannan.

BNP Paribas appointed former Deutsche Bank figure Stanley Song in the newly-created role of head of BNP Paribas Securities Services in China. Song is based in Shanghai and reports to CG Lai, chief executive of BNP Paribas China Limited and Franck Dubois, head of Asia-Pacific for BNP Paribas Securities Services. He joined Philippe Kerdoncuff, who has been steering BNP Paribas Securities Services since 2016 as the co-head. Before this role, Song was head of Securities Services for Deutsche Bank China. Previously, he served in senior client management and fund services roles at HSBC, State Street and Standard Chartered in China.

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