People Moves

Asia-Pacific Moves - February 2011

3 March 2011

Asia-Pacific Moves - February 2011

Here is the latest roundup of moves in the Asia-Pacific wealth management market.

BNP Paribas appointed Francois Cristofari as chairman of its Chinese arm, in addition to his current position as country head for the group in China.

Clarence T’ao was named to succeed Cristofari as chief executive of BNP Paribas (China), having previously been co-head of structured finance for BNP Paribas in the Asia-Pacific region. In his new role T’ao is charged with leading the China team in the expansion of the bank’s franchise in the country.

Bank of Queensland appointed Michelle Tredenick as a non-executive director.

Tredenick’s career in banking, insurance and wealth management experience in both Australia and New Zealand spans 25 years with National Australia Bank, MLC, and Suncorp.

ANZ expanded its financial advisory business with the appointment of Paul Barrett to the newly-created role of general manager for advice and distribution.

Barrett most recently served as general manager of advice at Colonial First State, the wealth management arm of Commonwealth Bank. He will report to John Van Der Wielen, the wealth management director of ANZ, in his new role.

Michael Benz, a former senior manager at UBS, stepped in as head for the Asia Pacific region at Merrill Lynch Wealth Management – a role in which he oversees all aspects of wealth management and private banking for the region.

He was previously with UBS, where he worked in investment banking, asset management and wealth management in Switzerland, Singapore, Tokyo and Hong Kong since 1993.

RBS Coutts appointed Varun Minocha to lead its non-resident Indian business in North Asia.

Minocha, who was previously an investor advisor for the private bank, is based in Hong Kong for his new role. Prior to his advisory post, which he assumed in November 2009, he was a banker at the NRI division of BoA Merrill Lynch. As NRI head, he will be responsible for driving the division's operations in Hong Kong and North Asia.

Deutsche Bank Private Wealth Management hired Steven Wong as a director and Rowan Tan as a vice president for its Key Client Solutions team. Wong joined from Credit Suisse Private Banking in Hong Kong, Tan from BNP in Singapore.

In his Hong Kong-based role, Wong will work with existing and potential ultra high net worth clients in north Asia and will be responsible for providing wealthy and entrepreneurial clients with cross-referrals of corporate banking deals.

Tan, who is Singapore-based, will have a similar role in southeast Asia. Both report to Hong Kong-based Raymond Chang, managing director and head of key clients group Asia ex-Japan.

Merrill Lynch appointed Alison Chan as managing director and client solutions executive for the Asia Pacific.

Chan stepped in from UBS, where she was part of the firm's offshore wealth management unit in China, Japan, and Korea. Prior to that, she served as head of corporate advisory for North Asia.

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