Clariden Leu Makes Raft Of Appointments In HK, Singapore

Vanessa Doctor

2 June 2010

Swiss private bank Clariden Leu is further strengthening its Asian position with the appointment of several new key executives in Hong Kong and Singapore.

Matthew Man has been named director and senior investment advisor, working closely with relationship managers to deliver the full range of investment services to Hong Kong-based clients. Prior to his new role, he was the director and investment advisor at Deutsche Bank Private Wealth Management.

Also joining the firm is Shirley Yap, who has been appointed director and head of wealth management solutions to the firm's wealth management unit in Hong Kong. She previously assumed senior executive positions at the likes of Deutsche Bank in Hong Kong, Prudential Bache Securities Asia-Pacific, and Citigroup.

Both will report directly to Andrea Carl, the head of products and services for Asia, based in Singapore.

Christy Cheung also steps in as head of business and operational risk management in Hong Kong, where she will be responsible for risk identification and mitigation across the firm's various units. Prior to Clariden Leu, she worked for HSBC, RBS Coutts, Credit Lyonnais Securities, and others. She will report to Angeline Kiang, the head of business and operation risk management in Singapore.

Completing the latest list of new appointments to the Swiss bank's Asian franchise are Alex Lau, Sundar Ramani, and Nikita Rossinsky, all of whom were hired as relationship managers based in Singapore. Lau and Ramani are from HSBC Private Bank, while Rossinsky is from Societe Generale.

Asia had contributed greatly to Clariden Leu's financial performance for 2009, which allowed it to post a 67 per cent surge in net profit for the year to $329 million.