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.
Goldman Sachs bolstered its Asian wealth management
business with the hire of Sandy Lim as its new executive director. She
was previously a director at the private banking team of UBS and in her
new role will be covering South East Asian markets.
Bank J Safra Sarasin named Geraldine Low Ai Ping
stepped in as managing director, client advisory in Singapore. Low
joined from DBS Private Bank in Singapore, where she was a senior vice
president, team leader and senior client partner.
Coutts, the flagship wealth management brand of
Royal Bank of Scotland Group, made two new additions to its Singapore
business. Clarrisa Mong was appointed as a director and joins one of
Coutts’ South East Asia private banking teams. She was previously with
ABN Amro Private Bank, covering the South East Asia market as an
investment consultant for seven years. Also newly-hired was Shirley Tee
as director, investment consultant for South Asia. Tee joined from UBS
Singapore, where she was a senior portfolio manager for Asian equity
Bennelong Group, the Australian investment
management group, acquired a controlling stake in local wealth manager
Carnbrea & Co and named Fiona Rowland as head. Rowland will also
oversee Bennelong Foundation, the firm's charitable arm. She joins the
company after 12 years of holding senior roles at UBS, JBWere, ANZ and
law firm Minter Ellison.
Withers, the international law firm, strengthened
its Asian wealth planning practice with two appointments for its
Singapore branch. Philip Munro and Fernando Gandioli join the Asian team
as partners; both have been working with the firm for the past few
years. Gandioli specialises in US and international tax and estate
planning for HNW individuals, trusts and estates, while Munro, a member
of the funds, investments and business tax team, focuses on estate
planning, tax issues for entrepreneurs and their families and fund
vehicles for private clients.
Credit Suisse appointed Thomas Wong as managing
director and head of Hong Kong and China research and sales. In this
Hong Kong-based role, he is responsible for the bank's research and
sales efforts in China and Hong Kong. He also assumes the role of
regional head of oil and gas research, with primary responsibility for
China. He reports to Nicole Yuen, head of Greater China equities, with
additional reporting lines to Al Park, head of equities sales for
Asia-Pacific, and Ernest Fong, head of research for Asia ex-Japan.
HLB Mann Judd, the Australia and New Zealand
accounting organisation that services private clients, hired two new
partners and three new directors to address its growing wealth
management client market. In Melbourne, Darryl Smith was made partner in
the business services area, while Andrew Lord was named wealth
management director. In Perth, Danny Buckley and Kirstin Stewart stepped
in as directors in the business services division. In Sydney, Todd
Gammel assumed the role of business recovery and insolvency partner.
Income Partners Asset Management, the Hong Kong
fixed income and credit specialist manager, appointed Shen Tan as
managing director and client relationship management head. She moved
from Pyramis Global Advisors, where she was head of sales and
relationship management.
Hong Leong Bank, the Malaysia financial services
firm, named Chee Li Har as the new chief operating officer for its asset
and liability management arm. The news followed the appointment of Tan
Kong Khoon as chief executive and group managing director in 1 July. Tan
was previously the group executive for the consumer banking group of
DBS in Singapore.
AXA Investment Managers boosted its Asian team with a
new funds distribution sales executive. Samuel Hui took up his new Hong
Kong-based role after serving as senior sales manager at Value
Partners. He reports to Sandra Lau, funds distribution sales director
for Asia.
Evercore, the US-based investment banking advisory
firm, opened a new office in Singapore and hired a former UBS executive
to take the lead. Keith Magnus, chairman and head of Singapore and
Malaysia investment banking at UBS, joined the firm as senior managing
director to establish the new Singapore office and as chief executive
for Evercore's on-the-ground business. In this role, he focuses on
providing strategic, merger and acquisitions and capital markets advice
to clients in Singapore and South East Asia.
VP Bank, the Liechtenstein-based private bank,
announced that its managing director Reto Isenring is leaving the
company in mid-September after six years. His successor, Rajagopal
Govindarajoo, will take over starting 1 September, subject to approval
from the Monetary Authority of Singapore. Govindarajoo most recently
served as executive director and head of operations at Chinatrust
Commercial Bank in Singapore.
HSBC named Sanjiv Sud as the new retail banking and
wealth management head for India. He takes over from Gannesh Bharadhwaj,
who resigned from the company in May 2013 due to personal reasons after
serving for two years. Sud was previously the head of the bank's
consumer assets business in Asia-Pacific based in Hong Kong.
Baring Asset Management appointed Anne Lui as head
of marketing, Asia ex-Japan, based in Hong Kong. Lui was previously head
of marketing and communications at Value Partners Group in Hong Kong.
In her new role, she reports to Claire Fraser, head of marketing and
communications, who is based in London.
Temasek, the Singapore investment management firm,
has named Lim Boon Heng as its new chairman effective 1 August 2013. He
replaces S Dhanabalan, who is retiring after serving 17 years as
chairman. The chairman role is a non-executive position.
Barclays, the UK-headquartered bank, named Vivian
Chan as the new wealth management head for North Asia effective 5 August
2013. Chan joined Barclays from Credit Suisse, where she was managing
director and market leader for Greater China. She reports to Didier von
Daeniken, head of wealth management for Asia-Pacific, the Middle East
and Africa.
Deutsche Asset Management announced the appointment
of Vikram Kotak as chief investment officer for the equity arm of its
Indian business. Kotak, previously the CIO of Birla Sun Life, replaces
Aniket Inamdar, who left in late 2012.
RBC Wealth Management strengthened its South East
Asia sales and product teams with a raft of new hires. Tuti Go, Paulus
Moniaga and Johannes Wijaya join the company as senior directors for the
South East Asia arm of RBC Wealth Management. All three are based in
Singapore, but Go and Wijaya report to Samuel Witjaksono, executive
director for South East Asia, while Moniaga answers to Kusnadi
Sudikarman, senior director. Also now part of the Asia team is Nelson
Ilham, who assumes the role of director and head of fixed income
advisory and execution for Asia, based in Singapore.
Wells Fargo Securities announced Mark Jones to the
newly-created role of head for the Asia business, based in Hong Kong. In
this position, he is responsible for overseeing all investment banking
and capital markets activities, including advisory services and sales
and trading for the Asia-Pacific region. He reports jointly to the
co-heads of Wells Fargo Securities' markets division and the co-heads of
the investment banking and capital markets groups in the US.
National Australia Bank brought in former Bank of
America chief executive and country head Craig Drummond to become its
new group executive for finance and strategy. He starts at his new role
at NAB towards the end of 2013. He replaces Mark Joiner who is retiring
after seven years with the Melbourne-based lender.
Allianz Global Investors appointed industry veteran
Greg Saichin to lead its new global emerging market debt team in
September 2013 after serving as head of emerging markets and high yield
fixed income portfolio management at Pioneer Investments. This is a
newly-created role.
BlackRock, the US-based asset manager, has confirmed
the departure of lead China equities manager Jing Ning in 21 June 2013.
Ning was head of the BGF China Fund for the past five years. Her old
role will be co-assumed by Andrew Swan, head of the Asian fundamental
equity team, and Emily Dong, co-manager of the BGF Asian Growth Leaders
Fund.
James Harley is taking over as the new head of
strategic recruiting private banking Asia Pacific for Credit Suisse,
effective 19 August 2013. Harley joined from Nomura Investment Bank
where he was the head of experienced hiring (APAC).
Acorn Capital, the Autralian-headquartered boutique
investment manager, named Paul Quah as portfolio manager. Quah joins
from Hong Kong-based broker CLSA Asia-Pacific, where he was head of
regional small mid cap research.
The private banking arm of South African Nedbank
appointed Andrew Bates to head of its Middle East and Asia operation.
Based in the UAE, Bates will join Mark Leale, regional manager of the
bank’s Dubai office. Bates has been with the bank for over nine years,
previously overseeing the launch of its UK office in London.
Morrison & Foerster, the international law firm,
added two new partners to its Singapore office. Jake Robson and Adam
Summerly join from the Singapore office of Norton Rose Fulbright,
bringing eight and 14 years of industry experience respectively. Robson
focuses on merger and acquisition, private equity, cross-border
investment, joint ventures and asset-based deals throughout Asia.
Summerly advises clients on on a range of corporate deals, including
M&A, private equity, cross-border investment and joint ventures.
AMP Capital strengthened its Asia fixed income
business with the appointment of Sonia Baillie as its new head starting
mid-September. She reports to Mark Beardow, head of fixed income in
Sydney. In addition, the company also transferred Nam Nguyen from Sydney
to Hong Kong to provide analytical support to the macro markets team
and guidance in constructing fixed income portfolios. He continues to
report to Simon Warner, the Sydney-based head of macro markets.
Avaloq Group, the international banking software
developer, appointed Iain Dunstan regional head for Australasia. Dunstan
brings over 20 years of IT and financial software industry experience
and was previously the founder and managing director of Bravura
Solutions. He now reports to Peter Scott, general manager for
Asia-Pacific at Avaloq.
BNP Paribas Wealth Management strengthened its Asia
business by hiring Ann Margareth Eufemio as vice president, relationship
manager in the international and other Asian markets segment, based in
Hong Kong.
Global alternative investment firm Cube Capital
named Shailen Modi as its new chief operating officer, having previously
worked at Fauchier Partners, the fund-of-hedge-funds business. He
replaced Steve Kirk, who was with the company for six years.
JP Morgan Private Wealth Management hired Veronica
Toh as executive director of its Singapore office. Toh joined the firm
from HSBC Private Bank, where she was a director. She reports to Salman
Haider, head of South East Asia.
Kroll Advisory Solutions appointed Peter Glanville
as associate managing director for Greater China, based in Hong Kong.
Glanville used to be a senior member of the forensic team at Deloitte
Touche Tohmatsu. The firm also named Lester Yen as senior director to
specialise in Foreign Corrupt Practices Act violataions and other
misconducts.
Standard Chartered Private Bank named Jason Yeung as
head of fund sales in Hong Kong to lead the North East Asia advisory
team. Yeung was previously the senior director of the investment product
team at Bank Sarasin & CIE. He now reports to Stephen So, the head
of investment advisory for North East Asia, who joined the company in 3
June 2013.
Baker & McKenzie strengthened its Singapore tax
and wealth management practice by relocating Eugene Lim from its
Singapore partner firm to Hong Kong. On 1 January 2014, Lim becomes head
of the Hong Kong business. His old role in Singapore will be filled by
Will Marshall.
