Summary Of Asia-Pacific Executive Moves For July 2013
Vanessa Doctor, Reporter, 12 August 2013

Barclays, the UK banking giant, appointed John Chang as country
head for Korea, replacing Joe Shin, who has announced his decision to
retire. Chang joined the company in 2011 as head of equities, South
Korea. Prior to Barclays, he was with Deutsche Securities Korea as head
of GME and managing director.
Credit Suisse Group named Joachim Oechslin as its
new chief risk officer, taking over from Tobias Guldimann, who is taking
up the post of head of regulatory risk, corporate responsibility and
regulatory policy. Oechslin, who is currently chief risk officer of
Munich Re, will be appointed as a member of Credit Suisse’s executive
board and take his role on 1 January next year.
Allianz Australia, the Australian insurance and risk
management firm, named David Krawitz as its new chief operating officer
effective 30 September 2013. Krawitz replaces Garry Townsend, who is
retiring on 31 December after 44 years in the industry. Krawitz joined
Allianz in 2004 after a long career at McKinsey in Australia and the US.
Friends Provident International promoted James Tan
to the role of managing director, based in Hong Kong. Tan continues to
report to John Van Der Wielen, who has taken on wider responsibilities
within the Friends Life Group as the chief executive for both the
international and UK divisions.
UBS Wealth Management Hong Kong promoted Allen Lo,
chief executive of UBS Wealth, and Amy Lo, head of ultra high net worth,
Asia-Pacific, from managing directors to group managing directors.
Goldman Sachs appointed long-standing senior manager Ken
Hitchner as president of the Asia-Pacific ex-Japan region. He took over
from David Ryan, who has retired from the post. Hitchner is now based in
Hong Kong and works with Mark Schwartz, chairman of Goldman Sachs
Asia-Pacific, and Masa Mochida, president of Goldman Sach
Malaysian lender Hong Leong Bank named Tan Kong
Khoon, a former DBS Group executive, as its new CEO and group managing
director at HLB, replacing Yvonne Chia who announced her resignation in
March. Tan began his career at DBS in 1981 before moving to other
companies, eventually rejoining the firm in 2010 as group executive for
consumer banking.
Global investment management group BNY Mellon
expanded its Asian investment team with the appointment of Albert Yeh as
managing director. Yeh assumes the newly-created Hong Kong-based post,
and is now working with Jane Claire, head of strategy and development,
product and marketing for the Asia-Pacific business, to whom he reports.
He previously served as managing director and chief operating officer
for Asia-Pacific iShares and Asia ex-Japan retail at BlackRock.
ANZ, one of Australia's Big Four banks, named Glenn
Maguire as chief economist for Asia-Pacific based in Hong Kong. Maguire
had been acting in this role since May 2013 after Paul Gruenwald moved
to Standard & Poor's Singapore.
UK-headquartered private bank Barclays named Carol
Chen as market head for Greater China effective 1 October 2013. Chen
relocates from Singapore to Hong Kong for this role. She was previously
the head of the Greater China desk in the city-state.
Baker & McKenzie.Wong & Leow, the Singapore
member firm of international law firm Baker & McKenzie, elected Dawn
Quek to the firm's partnership, effective 1 July 2013. In this role,
she works closely with partner Allen Tan and senior tax consultant Peter
Tan to offer a range of tax advice to corporate, financial and private
clients in the city-state.
Withers, the international law firm that specialises
in private client practice, named eight new partners to its various
global offices, three of whom are in Asia. Now part of the company are
are Stacey Devoy as a member of the family law team in Hong Kong,
Fernando Gandioli for the tax and estate planning team in Singapore and
Philip Munro for the funds, investments and business tax team in
Singapore. The other new partners are based in London, New York and New
Haven.
BNY Mellon strengthened its Asia-Pacific
institutional distribution arm with a senior appointment. Mark Speciale
assumed the newly-created role of head of institutional distribution for
Asia-Pacific. Based in Singapore, he reports to Alan Harden, chief
executive for BNY Mellon's Asia-Pacific investment management business,
and PeterPaul Pardi, the head of global distribution for investment
management based in London.
The Singapore-based chief investment strategist of
HSBC Private Bank’s Asia-Pacific team, Arjuna Mahendran, took up the
chief investment officer post at Dubai-headquartered Emirates NBD. The
move happened less than a month after Shayne Nelson, the former chief
executive at Standard Chartered Private Bank, also joined Emirates NBD.
HSBC unveiled a swathe of senior management changes,
including a move affecting the private bank. Peter Boyles, chief
executive of global private banking, was appointed group managing
director, effective from 1 October 2013. Simon Cooper was also named
group managing director and CEO of global commercial banking starting on
the same date. Cooper succeeds Alan Keir in this London based role.
Keir was named CEO of HSBC Bank and will continue to be based in London.
Keir replaces Brian Robertson, who will retire as group managing
director and CEO of HSBC Bank after 38 years. Mohammad Al Tuwaijri was
appointed deputy chairman and CEO of HSBC Middle East and North Africa,
also effective from 1 October. Al Tuwaijri will continue to be based in
Dubai and in his new role will report to Keir.
Principal Financial Group named new heads for its
Hong Kong and Asia businesses. Arthur Bacci took the helm in Principal
International Hong Kong after serving as president and chief executive
of Principal Bank since 2007. Joining Bacci is Camill Cheung who was
named head of mutual fund sales and marketing at Principal Global
Investor (Asia). The two appointments follow the announcement that
Stanley Yip, CEO for the Hong Kong office is retiring as of the end of
June.
Withers, the international law firm, named a new
consultant for its wealth planning practice in Hong Kong. Michelle Chow
brings over 15 years of experience in corporate and charity law to this
post, where she will focus on issues relating to trusts, wealth planning
and philanthropy.
Ibbotson Associates Australia expanded its
distribution and client management capabilities with a series of hires.
Scott Mclennan joined as senior relationship manager, Katharine Jackson
and Brent Finneran as relationship associates and Amanda Freeman as
investment services associate. All three report of Matthew Esler, head
of distribution.
Global Prime Partners, the UK-based prime brokerage
firm, expanded its Asian markets team with the appointment of Rupert
Street as head based out of the Hong Kong office. Street brings over two
decades of financial markets and Asian investment experience, which
includes managing his own hedge fund, heading a family office and
serving as advisor to a number of Hong Kong-listed firms.
Australian wealth management firm netwealth expanded
its board with the appointment of Kate Mulligan as non-executive
director. Mulligan was previously a managing director a Ventura/All Star
Funds Management and stepped down from this role in September 2012
after Centrepoint Alliance assumed ownership.
Skandia International, the offshore arm of Old
Mutual Wealth, announced the appointments of Jammine Soh and Huw Wedlock
as sales managers. Soh, previously from Zurich International, will
focus on the domestic financial advisor distributor base. Wedlock,
currently a wealth management consultant at Skandia UK, will focus on
the company's key partner financial advisor accounts in the Asian
region. Both report to Chris Ivinson, head of sales for Skandia in
ASEAN.