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		<p><font size="3" face="Arial"><b></b>Executive Moves In Asia Wealth Management: February 2012  </font></p>
		<p><font size="2" face="Arial">Tara Loader Wilkinson and Vanessa Doctor</font></p>
		<p><font size="2" face="Arial"></font></p>
		<p><font size="2" face="Arial">6 March  2012</font></p>
		<p><font size="2" face="Arial"><p>Here <em>WealthBriefingAsia</em>
profiles the biggest movers and shakers in the Asian wealth management industry during
February 2012.</p>
<p align="center">*****</p>
<p>HSBC
Private Bank chief executive Nancie Dupier resigned after 18 months on the job
to return to HSBC Americas. She was replaced by Amit Gupta, then the head of
global markets.</p>
<p align="center">*****</p>
<p>Australia and New Zealand Banking Group outlined plans to cut 1,000 from its Melbourne office. It also made
a number of top level appointments this month, including Paula Dwyer as a new
member of&nbsp;its board. Dwyer, a well-known businesswoman on the boards of
many firms, starts at ANZ on 1 April 2012.</p>
<p>Joyce Phillips
started as chief executive of global wealth and private banking, from her
previous role at the bank as group managing director of strategy, mergers and
acquisitions, marketing and innovation. She will retain responsibility for
marketing, innovation and digital. </p>
<p>Meanwhile, Shayne Elliott, currently CEO of institutional, will
succeed ANZ veteran Peter Marriott&nbsp;as chief financial officer on&nbsp;31 May, when Marriott retires.&nbsp;</p>
<p>Shane Buggle will be appointed deputy CFO,
reporting to Elliott. Buggle is currently CFO of institutional, having
previously held a number of senior finance roles at ANZ, including group
general manager finance.</p>
<p>Alex Thursby will take up Elliott's duties in an
expanded role as CEO global institutional and Asia-Pacific, Europe and America,
focused on ANZ’s largest multi-national clients globally. </p>
<p>Gilles Plante started as ANZ&nbsp;chief executive of Asia, based in Hong Kong. He was
previously CEO of North East Asia, Europe and America, also based in Hong Kong.</p>
<p>Mark Robinson&nbsp;became CEO of Europe, America,
Middle East and India, based in London. He was previously CEO of South and
South East Asia, within the Asia-Pacific, Europe and America division based in
Singapore.</p>
<p>Michael Rowland became CEO of the Pacific region,
based in Melbourne. He previously held the same role in the APEA
division.&nbsp;</p>
<p>Former Hong Kong-based global head of
capital markets Cathryn Carver was moved to managing director of institutional
Australia, based in Perth, focussing on the Western Australian economy.</p>
<p>Sameer Sawhney became managing director
of institutional for Asia-Pacific Europe &amp; America, based in Singapore. He
was previously managing director of corporate and institutional banking and
private banking for Asia.&nbsp;</p>
<p>Christina Tonkin was appointed managing
director of global loans and transaction banking, based in Sydney. She was
previously managing director of global loans.&nbsp;</p>
<p align="center">*****</p>
<p>Vineet Vohra, general manager for wealth
management, consumer and private banking for Asia-Pacific at Australia and New
Zealand Banking Group, stepped down after nearly three years with the company.&nbsp;</p>
<p align="center">*****</p>
<p>Equiti Private
Wealth, the Australian wealth management firm, hired two senior planners to
accommodate its growing client base. Gregory Fuzi and Peter Sheather joined as
senior financial advisors. Sheather previously managed his own financial
planning business, while Fuzi previously worked at ipac, Schroder Investment
Management, AXA and Staffordshire Financial Services.</p>
<p align="center">*****</p>
<p>S&amp;P Capital IQ, the data provider subsidiary of
Standard &amp; Poor’s Rating Agency, will exit local funds research and local
wealth management services in Australia to focus on institutional research. The
effects will take place from 1 October 2012. Around 30 jobs will be affected.&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>
<p> &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp; &nbsp;&nbsp;****</p>
<p>The international arm of UK lender
Lloyds TSB, shut its offshore Hong Kong representative office on 3 February
2012 after the group’s decision to “to “focus on geographies where it can
invest and build scale from its existing position.”</p>
<p> &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp; ****</p>
<p>HSBC
reshuffled its senior ranks in Asia. Stuart Davis, chief executive of HSBC
India, is set to move to Hong Kong in March after a three-year stint at the
South Asian country and will be replaced by Stuart Milne, the current CEO for
Japan.&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>
<p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ****</p>
<p>US
asset manager BlackRock reassigned its iShares head of Asia to the
newly-created role of head of strategy and business development for
Asia-Pacific, according to media reports. Nick Good is now responsible for
leading the firm’s process of evaluating investment and growth opportunities in
the region.</p>
<p> &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp; ****</p>
<p>JP Morgan hired a new country head for
Indonesia.&nbsp;Haryanto Budiman is now managing director and senior
country officer in Indonesia. He joined from Bank Mandiri, a state-owned
Indonesian bank, where he was senior executive vice president and a member of
the management board. </p>
<p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ****</p>
<p>Vistra Fund Services hired a team to
provide services to fund managers in Asia from its new Hong Kong office. The
new team is led by&nbsp;Charles Kwun, who joined from Orangefield Trust
where he was regional managing director. The team also includes executive
directors Andrew Mascall-Robson and Shirley Yuen and director Fang Ling Khor.
Mascall-Robson joined from HSBC James Capel Japan where he was general manager,
head of equity derivatives. Yuen most recently headed up relationship
management in the alternative fund services units at BNY Mellon. Fang Ling was
most recently a director at Standard Chartered.</p>
<p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;****</p>
<p>HSBC announced a large-scale expansion
in China. Stuart Gulliver, chief executive of the UK-listed bank, told media that
he hopes to either increase the bank’s 20 per cent holding in Chinese lender
Bank of Communications, if given regulatory approval, or grow its mainland
China branch network from 110 to about 800.</p>
<p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;****</p>
<p>Citi
Private Bank made two appointments for its global managed investments real
estate business, after incumbent co-head Quek Kwang Meng resigned. Yvonne Siew
started as GMI Asia real estate head after seven years with the US bank. She
will continue to be based in Singapore and report to Daniel O'Donnell.</p>
<p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ****</p>
<p>Aon Hewitt Wealth Management, the
Australian financial planner network, Prue Petinsky as new head of product
development. She was previously head of product management for the ASGARD
platform at BT Financial Group. Aon Hewitt also made two internal promotions in
its advice business, with Robert Olney promoted to head of practice solutions
and Jeremy Lubrano promoted to head of alliances.</p>
<p> &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp; ****</p>
<p>Nikko Asset Management hired Joyce Koh
as head of marketing. Koh joined from Fidelity Singapore. There, she
spearheaded the firm’s marketing efforts from 2006. </p>
<p> &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp; ****</p>
<p>BNP Paribas appointed an equities head
for Indonesia. Miles Remington takes the role of head of equities, Indonesia,
based in Jakarta, a newly-created position. Remington has been with the firm
since 2002.</p>
<p> &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp;  &nbsp;&nbsp; ****</p>
<p>Julius Baer’s new deputy chief of Asia
and head of North Asia&nbsp;Kaven Leung, started his role in Hong Kong, two
months ahead of schedule. He joined from Goldman Sachs where he was co-head of
the Asia ex-Japan private banking business. </p>
<p align="center">*****</p>
<p>Sydney wealth advisor Perpetual
Investments hired Anthony Aboud as analyst for the equities team. Aboud was
previously a portfolio manager at Ellerston Capital's global equity management
fund. He now works alongside former Ellerston colleague Paul Skamvougeras to
focus on the firm's Share Plus Long Short Fund.</p>
<p align="center">*****</p>
<p>Alex Harvey joined Macquarie,
Australia's largest investment bank, as Asia chief executive. Harvey has been
with the company since 1999 and prior to the appointment served as executive
director at Macquarie Capital and as global head of the telecommunications,
media, entertainment and technology group. He reports to Nicholas Moore, chief
executive of Macquarie Group.</p>
<p align="center">*****</p>
<p>Alex Lee was named chief marketing
officer of BEA Union Investment Management, the portfolio management arm of
Hong Kong's Bank of East Asia. Lee has 14 years of asset management experience
in Hong Kong and most recently served as executive director at UBS Global Asset
Management. He reports to Eleanor Wan, chief executive.</p>
<p align="center">*****</p>
<p>Colonial First State Global Asset
Management added
Gates Moss to its equities core team. Moss previously served as research
analyst for AllianceBernstein. The CFSGAM equities core group is still led by
Matthew Reynolds.</p>
<p align="center">*****</p>
<p>UBS appointed Beatrice Weder di Mauro
and Isabelle Romy to be nominated for election to the board of directors at the
annual general meeting on 3 May 2012. Di Mauro is a professor of economics at
the Johannes Gutenberg University of Mainz and previously served as economist
for the World Bank and IMF in Washington. Romy is a partner at Swiss law firm
Niederer Kraft &amp; Frey and since 2002 has been a member of the Sanction
Commission of the SIX Swiss Exchange. They replace Bruno Gehrig and Kaspar
Villiger, who will not stand for reelection.</p>
<p align="center">*****</p>
<p>Julian Unsworth was named head of Dubai
financial advisor Globaleye's new Shanghai office. Unsworth was previously a
vice president at the firm's Dubai branch. Globaleye announced that it is
shutting down its Brazil operations in favor of a branch in China.&nbsp;</p>
<p align="center">*****</p>
<p>Geoff Lloyd took the reins as chief
executive of Perpetual, the Australian financial advisor, replacing Chris Ryan,
who resigned. Ryan's departure was attributed to internal differences with the
board, for which he received a severance pay of A$1.2 million ($1.28 million)
in lieu of 12 months notice. Lloyd was previously the head of private wealth at
the firm.</p>
<p align="center">*****</p>
<p>UBS announced
plans to cut its Asia-Pacific headcount by between 30 and 35 jobs amid
widescale cost cuts to address shrinking revenues. The Asia-Pacific workforce
would be the least affected of all the bank's regional hubs, the company said,
with only about 0.5 per cent of the 6,500 staff in the region set to lose their
jobs.</p>
<p align="center">*****</p>
<p>Mauritius equity fund SONG Investment
Company appointed Kartik Srivatsa as manager for its investment portfolio in
India. Srivatsa was the head of Aspada Capital Advisors and replaced Vishal
Vasishth, who has held the role since 2008.&nbsp;</p>
<p align="center">*****</p>
<p>Ravin Basnayake was named country
officer for Citi's Sri Lanka operations. Basnayake took over from Glen Rase,
who retired after eight years at the company. Basnayake joined Citi in 1988 and
prior to the appointment served as head of corporate banking at the Sri Lanka
business. He reports to Tab Cuddyre, cluster head of Bangladesh, Brunei and Sri
Lanka.&nbsp;</p>
<p align="center">*****</p>
<p>Evan Reedman was appointed head of
consultant relationships for Credit Suisse's Asia-Pacific asset management
business. Reedman was previously a director for life-cycle strategies at QIC,
the Australian investment manager. He assumed a newly-created position meant to
focus on the firm's regional capabilities, specifically with institutional
investment consultants in Japan, non-Japan Asia and Australia.</p>
<p align="center">*****</p>
<p>Fiona Foxon was hired to the
newly-created role of Hong Kong chief at global concierge Quintessentially.
Foxon joined the company in 2010 from ICS Trust (Asia), where she was an
account executive managing private clients. She reports to Emma Sherrard
Matthews, the global chief executive, who was relocated to Hong Kong in 2011 to
focus on the growing Asian market.&nbsp;</p>
<p align="center">*****</p>
<p>MLC, the Australian wealth manager, sent
a group of 54 advisors on a self-funded Strategic Leadership Programme at the
Standford Graduate School of Business in the US. The five-day programme was
meant to enhance its advisory ranks' leadership skills and retail quality
financial planners.</p>
<p align="center">*****</p>
<p>Susan Chua, head of investments for
Southeast Asia at Coutts, left after eight years in the role, following a wider
reorganisation at the RBS-owned wealth manager. It is not known where she has
gone.</p>
<p align="center">*****</p>
<p>Stephen Bird, the new chief executive of
Citi's Asia-Pacific business, reshuffled top management ranks as part of a
restructuring effort under a new &quot;single CEO structure.&quot; Rodrigo
Zorilla was named chief operating officer, Anthony Nappi became chief
administrative officer, while Michael Zink was named Asean head. Zorilla was
previously the markets head, Nappi used to serve as global transaction services
head, while Zink was formerly the CEO for Singapore. All the Asean country
heads now report to Zink, including Singapore, Indonesia, Malaysia,
Philippines, Vietnam, Thailand, Guam, and sub-regions Brunei, Bangladesh and
Sri Lanka.</p></font></p>
		
		
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