Here WealthBriefingAsia recalls the biggest movers and shakers of the Asian wealth management industry during October 2011.

Here WealthBriefingAsia recalls the biggest
movers and shakers of the Asian wealth management industry during October 2011.

- Julius Baer hired private banking veteran and Goldman Sachs executive Kaven Leung as chief executive of its North Asia business and as deputy chief of Asia. Leung adds the position to his existing role as co-head of the Asian private banking business. He begins on his new job on 19 April 2012. He replaces Andrea Benenati, who left in May. Asia CEO Dr Thomas Meier is assuming the top job on an interim basis.

- Switzerland's Credit
Suisse hired Anna Wong as a managing director and market area head for its Greater
China private banking business. She is based in Hong Kong reporting to Marcel Kreis, head of private banking in Asia-Pacific. From January
2012, she will report to Francesco de Ferrari who takes over the role as head of private banking Asia-Pacific.
Wong was most recently chief executive for HSBC Broking Services (Asia) between
2009 and 2011. 

- PIMCO,
the US investment management firm, hired Adam Bowe as senior vice president for
fixed income portfolio management and trading in Australia. Bowe most recently
worked in the global macroeconomic research and trading department of Tudor
Investment Corporation.

- ANZ Wealth, the Australian
wealth management firm, hired Raelen Seales as head of advice delivery. Seales
most recently served as general manager for advice services at rival MLC/NAB
Wealth.

- Baring Asset Management added William
Palmer to its global emerging markets equities team as investment
director. Palmer joined from KBC Asset Management, where he was senior
asset manager and head of Asia ex-Japan equities.

- HSBC Global Asset Management appointed Elizabeth
Allen as director and head of credit research for Asia-Pacific. Allen most
recently served as vice president, senior credit officer at Moody's Investors
Services, where she focused on analyzing Asian companies.

- HSBC Securities Services appointed Glenn
Kennedy as regional head of sales and relationship management for the
Asia-Pacific alternatives and client management division. Based
in Hong Kong, Kennedy joined from Citi Fund Services (Asia), where he was a
director for four years.

- Julius Baer, the Swiss private bank, hired Victor Chao
Tzu-Ping as head of the Greater China team. Chao joined from Deutsche Bank
where he most recently served as head of private wealth management in China and
previously as head of private wealth management onshore in Taiwan.

- Manulife International appointed two senior executives
to its Hong Kong office. Emil Lee is now senior vice president and chief
distribution officer for Hong Kong, while Blair Groff is now vice president for
legal and compliance. Both previously held roles at Manulife. Both are now part of the senior management team and report to Michael Huddart, the executive vice president and chief executive for Hong Kong. 

- PineBridge Investments, the
US-based investment management firm, appointed Desmond Tjiang as managing
director, portfolio manager for Greater China and Hong Kong. Tjiang joined from
BNP Paribas Investment Partners, where he was chief investment officer and
deputy head of Asia ex-Japan equities. He reports to Robin Thorn, global head
of equities.

- Bermuda-headquartered
FIL - recently rebranded as Fidelity Worldwide Investment – hired Thomas Balk,
formerly president of its Japanese business, to the new position of president,
financial services. He will report to FIL vice-chairman Barry Bateman.

- Westpac
Private Bank named former New Zealand cabinet minister and parliamentarian
Simon Power as head of the New Zealand operations. Westpac holds the New
Zealand government's banking contract, media reports said.

- US international asset manager PIMCO hired five
investment professionals to complete the emerging market equity team for its
London, New York and Singapore offices. Raymond Goh
joined as equity trader based in the Singapore office. John Longhurst joined
as senior vice president and head of emerging markets equity research, based in
London. Richard Flax joined as senior vice president and emerging
markets equity analyst, also based in the London office; Andrew Pyne
joined a senior vice president and emerging markets equity product manager based
in the New York office and Laura Schlockman joined as equity product manager
based also based in New York.

- Bank of America Merrill Lynch named its head of
international wealth management, Dan Cummings, the firm's former head of global
equity capital markets. The position is a newly created, joint role, where he
will also be head of global equity sales.

- Switzerland's Clariden Leu added two senior executives to its Asian
non-resident Indian team. Mohit Gupta joined as senior vice president, senior
relationship manager for the Indian subcontinent and Asian NRI business. Gupta
is from ING Financial Planning in Hong Kong. Sadaf Behbahany joined as senior vice president, senior relationship manager for the
Indian subcontinent and Asian NRI business based in Singapore. She was
previously a senior associate director at Standard Chartered Private Bank. Both
Gupta and Behbahany report directly to Varun Chugh, the head of Indian subcontinent and NRI Asia. 

- Clariden Leu also added five senior executives for the
Southeast Asia region, four of which previously worked at Deutsche Bank's
private wealth management arm. Veny Teng joins the firm as managing director,
responsible for overseeing a team of relationship managers focused on Southeast
Asia. She most recently served as director at Deutsche Bank Private Wealth. Desmond Loh also joined from Deutsche Bank, as director and senior relationship manager. Cynthia Chin joined  as a director and senior
relationship manager, also from the German bank. Both Loh and Chin report
directly to Teng. Karen Tong joined as a relationship manager, having worked for ABN AMRO, DBS, Hong Leong
Bank and HSBC. Elaine Ngim joined as an investment advisor and previously worked at BNP Paribas, Deutsche
Bank and Merrill Lynch, among others. She reports to Lincoln Wong, head of investment advisory for Southeast Asia.

- Jones Lang LaSalle, the New
York-listed commercial property and investment firm, hired David Green-Morgan
as global capital markets research director based in Singapore. Green-Morgan
joins from DTZ, the London-listed real estate advisor, where he was head of
research for Asia-Pacific. He replaces Paul Guest, who moved to LaSalle
Investment Management to head up its Asia Pacific Strategy team.

- Altamount Capital Management, the India-based multi-family office, named Murlidhara Kadaba
as non-executive chairman. He was until recently senior managing director
guiding its strategy and business development.

- Pictet Asset Management, the Swiss asset manager, hired Laurence Lo as
vice president, business development, for Asia-Pacific. Lo was the senior
manager, distribution sales at BNP Paribas Investment Partners. At Pictet, he
focuses on the firm's business in Hong Kong and Macau and reports to Lawrence
Tse, head of distribution, Asia-Pacific. 

- Manulife Financial appointed Steven Yeo as senior vice president and
chief legal and compliance officer for Asia with effect from 10 October. Yeo
was previously the managing director of Citi's global institutional banking
group. At Manulife, he reports to Robert Cook, senior EVP and general manager
for Asia, and functionally to Jean-Paul Bisnaire, senior VP for business
development and general counsel of the head office.

- Nikko Asset Management, the Japanese financial services firm, named
Eleanor Seet as president and executive director to lead the firm's growth at
the newly-enlarged business following its merger with DBS Asset Management.
Seet was the senior director for iShares. She replaces Deborah Ho.

- MLC, the wealth arm of National Australia Bank, created nine new
advisory roles across Australia for its licensee business. The appointees will
be announced over the next months.

- Credit Suisse appointed Stuart Guinness as Hong Kong-based managing
director and head of emerging markets products for Asia-Pacific. He reports
jointly to Neil Harvey, head of Asia-Pacific and head of global emerging
markets, and to Sudip Thakor, head of global emerging markets products for
asset management. Guinness previously worked at Societe Generale, Fidelity
Investments and Prudential Asset Management. 

- Citibank named Christine Lam as deputy country business manager based in
Hong Kong. Lam was the head of operations and technology of the bank in Hong
Kong. She replaces Simon Chow, who was appointed country business manager for
Citibank China in June.

- Private Portfolio Managers, the Sydney private fund manager, named Ian
Hardy to its portfolio management team. Hardy was previously the chief
investment officer of Centric Portfolio Managers.

- Falcon Private Bank saw the departure of Alex Jagmetti as head of
Asia-Pacific after less than a year at the role. The bank said they are not
replacing Jagmetti. James Mok, who has reported to Jagmetti as branch manager
in Hong Kong, now reports to Eduardo Leemann, chief executive.

- Lugano-based Banca della Svizzera Italiana announced plans to grow its Hong
Kong office headcount by over 80 per cent, or 54 people, within the next year.
BSI currently has 66 staff.

- HSBC Global Asset Management brought in Christopher Adams as director
and senior products specialist for the equities division based in Hong Kong.
Adams used to serve similar roles at BlackRock and Prudential Asset Management.
He now reports to Alfred Yip, the head of product, Asia-Pacific, and Melissa
McDonald, the global head of product equities and responsible investment.

- AMP Financial Services, the New Zealand wealth manager, reshuffled its
senior ranks following the merger with AXA Asia-Pacific Holdings. Chris Jensen
is now director of contemporary wealth management products, Robert Baille is
now director of pricing, Steven Burgess is now director of platforms, and Brad
Green is now director of business operations. Mike Lawrence and John McIlroy
retain their roles as managing director of AMP Bank and director of Multiport,
respectively. Within the sales unit, Barry Wyatt is now director of sales,
Michael Paff is now director of strategic marketing and Cam Cimino is now
director of business marketing. Former AMP head of directors office Belinda
Meyers is now director of business operations. Under the wealth division,
Michael Rogers is now director of retail risk, Robert Bergin is now director of
group risk, while Bernadene Gordon is now director for underwriting and claims
policy. Gopal Raman has assumed the role as director of mature products and
business support while Stephen Varney was named director of pricing and
reinsurance. 

- Celent's appointed Maria Aquio as sales executive for its Asian
financial services arm. Aquio previously worked at The Asian Banker, the
consultancy firm, as manager of business development and sales. She is based in
Singapore.

- UBS suffered the departures of Angela Bow and Carol Chen from the firm.
Bow was the executive director and country head for the Philippines, while Chen
as managing director and desk head. It remains unclear where Bow is
transferring, but UBS reported that Chen has joined Barclays Wealth in
Singapore as head of North Asia, with a focus on Greater China.

- Pictet, the Geneva-based bank, hired Sylvain Gysler as head of
independent assets managers for its Asia business based in Singapore. Gysler
previously held a similar role at Credit Suisse.

- PineBridge Investments appointed Anita Varga as managing director and
head of product development for Asia. Varga previously led the regional product
development unit of ING Investment Management Asia-Pacific.

- ABN AMRO, the Dutch bank, is looking to boost its private banker numbers
in Hong Kong and Singapore from around 100 at present to at least 200 by 2016.
The bank currently employs some 400 staff in Asia, 235 of which are in
Singapore and the remainder in Hong Kong.

- BNP Paribas, the French bank, announced the hires of six senior
executives over the April to October 2011 period. Alfred Tsai joined as head of
the China market with effect from 18 October. Tsai was previously a managing
director and senior advisor at Julius Baer. Anton Wong joined on the same date
as managing director of the key clients group. Wong used to be a director for
solutions partners at Credit Suisse. Vincent Koo had been assuming the position
of regional head of wealth management compliance since 27 September. Koo
previously held senior audit and compliance positions at Deloitte & Touche,
Hang Seng Bank and UBS. Brian Kenyon joined in 1 July to become managing
director of the Singapore trust division, in addition to his role as deputy
head of trust and fiduciary services. Wallace Woo was hired 13 June as managing
director and senior investment counseller for key clients based in Hong Kong.
Woo used to work at JP Morgan and HSBC Private bank. Finally, Florence Chou
assumed the role of head of brand and communications Asia-Pacific in 1 June.
Chou previously worked for RBS Coutts and Merrill Lynch. She is
based in Hong Kong.

- Citi hired Andrea Fletcher as head of global equities client management
based in Hong Kong. Fletcher will continue her role as head of client
management for equities in Asia-Pacific in addition to her new role. She
reports to David Covin, the global head of investor sales client strategy and
business development, and David Ratliff, head of investor sales for
Asia-Pacific.

- The Wealth Management Institute of Singapore has established a group
tasked to review standards and guidelines for training wealth management
professionals. The WMI curriculum and FICS Review Advisory Committee is chaired
by Ng Kok Song, the chairman and group chief investment officer of GIC.
Assisting Ng are directors Aaron Low and Cynthia Teong. 

- Centric Wealth, the Australian wealth manager, saw 14 of its executives
and staff resign following the departure of three of its most senior
executives. These included senior risk manager Brian Zanker, implementation
manager Chris Cutter, mergers and acquisitions manager John Hart, marketing
manager Jon Slack and client experience and HR manager Judith Fiander. Others
who left were head of investments Peter Dobriveck and director of portfolio
construction Ashley Own. The mass departure followed the resignation of chief
executive John McMurdo in July due to a disagreement. Chief financial officer
Geoff Scott and company chairman Phil Kelly followed suit.