People Moves

Executive Moves - January 2011 Asia Pacific

1 February 2011

Executive Moves - January 2011 Asia Pacific

January proved to be a busy month for wealth management hiring and moves in the Asia Pacific region.

Deutsche Bank Private Wealth Management appointed Tony Tang as managing director and head of North Asia client solutions in Hong Kong and Eleonore Dachicourt as director and head of hedge fund sales for Asia based in Singapore.

Tang joined from Citigroup Global Markets in Hong Kong, where he led the bank's securitisation trading efforts in the region. Dachicourt latterly anaylsed hedge fund levels in client portfolios at Deutsche, before which she worked in the alternatives unit of Credit Suisse Asset Management in London. Both report directly to Bobby Abraham, head of non-flow structuring for Asia, and indirectly to Anurag Mahesh, head of global investment solutions Asia Pacific.

Swiss-Asia Financial Services appointed Pying-Huan Wang as head of infastructure investments and managing director of its Hong Kong sister firm Swiss-Asia Asset Management. Wang was the head of investment management at Deutsche Bank's private equity group in Zurich prior to joining Swiss-Asia.

Barclays Wealth announced six director-level hires for its Asia Pacific private banking business.

Barbara Yenson was appointed as a director, covering the HNW and UHNW in Hong Kong. She was latterly executive vice president at RBS Coutts in Hong Kong. She reports to Joanna Chu, the managing director and head of North Asia.

Preditha Dewi and Cicilia Audrey Rei joined as directors for the Indonesia office. Dewi most recently worked for Bank Commonwealth in Indonesia, while Rei previously served at Credit Suisse. Both report to Errie Maksum, managing director and market head of Indonesia.

For Singapore and Malaysia, the company named Dicky Ang, latterly a director at HSBC Private Bank, to oversee the UHNW and HNW client segment. Ang reports to Soh Chye Guan, the managing director and market head of Singapore and Malaysia.

For the Southeast Asia active advisory team, the private bank added Ian Tay as director. Tay joined from JP Morgan Private Bank, where he was an investment specialist.

Finally Benjamin Yeo was named director and head of research for economics and strategy in Asia. He reports to Aaron Gurwitz, the New York-based managing director and CIO and regionally to Bryan Henning, the managing director and head of global research and investments for Asia.

Royal Bank of Scotland hired Madan Menon as country executive for Singapore. Menon adds to his existing responsibilities as head of global banking and markets for India and head of global banking for South East Asia. He reports to John McCormick, the Asia Pacific chairman for RBS, and Matthew Kirkby, the global head of corporate finance and head of global banking for Asia Pacific.

Bank Julius Baer appointed David Lim as chief executive of Bank Julius Baer Singapore. Lim replaced Dr Thomas R Meier, who remained based in Singapore as member of the executive board to lead the business. The role was added to Lim's former role as head of private banking for South East Asia, which he continues.

Aviva Investors hired Kevin Talbot as CIO for Asia Pacific fixed income. He joined from ANZ Private Bank in Singapore. Manish Singhai was named as CIO for Asia Pacific equities. Singhai set up in his own hedge fund, Arjava Capital, in 2008 and has 17 years of asset management experience.

Standard Chartered Bank hired Wasim Akhtar Saifi as new global head of Islamic banking for its consumer banking business. Based in Singapore, he reports to Shayne Nelson, chairman of Standard Chartered Saadiq, and Afaq Khan, chief executive of Standard Chartered Saadiq, the bank’s Islamic banking arm.

Also Alexis Calla and Steve Brice joined the Singapore team as head of advisory and investment strategy and chief investment strategist for consumer banking, respectively. Calla has 16 years of global asset management while Brice was latterly head of financial markets for Southern Africa.

Standard Chartered Private Bank appointed Ryan Gwee as head of private banking, China. He is based in Shanghai and reports to Rajesh Malkani, head of East Region.

UBS hired Rami Hayek as head of client coverage for the Asia Pacific region. Hayek joined from Credit Suisse in Hong Kong, where he served as head of distribution for asset management in Asia Pacific. He reports directly to Alex Wilmot-Sitwell and Chi-Won Yoon, the heads of the Asia Pacific operations.

Fox Partnership named Joy ME Lim as managing director and Singapore country head. Lim has been with the firm since August of last year, when she assumed country management responsibilities. She was most recently executive director at Russell Reynolds in Shanghai for two years, having previously been a private banker in Asia.

The State Bank of India hired Deepak Ahuja as head of consumer banking. He joined from Barclays Europe, where he was head of NRI banking. He has also worked in the UK as a senior vice president at Citibank UK and for ICICI Bank.

Morgan Stanley named Vinay Ahuja as market director for the Southern region of its private wealth management unit in India. Ahuja joined the company from Deutsche Bank, where he spent the last six years in a sales function. His new role is based in Chennai.

Wyn James joined JP Morgan Private Bank in Singapore as executive director. James has over 18 years of private banking experience, latterly as director of private client services at RBC in London.

Citi Private Bank hired Richard Straus as head of the newly-established global family office and North Asia institutional unit and Steven Lo as global market manager for Hong Kong. Both Straus and Lo are based in Hong Kong and report to Aamir Rahim, the Asia Pacific chief executive for Citi Private Bank.

BNY Mellon appointed Eleni Wang as head of client management for the Asia Pacific region. Wang is based in Hong Kong and has over 20 years of financial services experience latterly as a managing partner at the Hong Kong-based hedge fund Adept Capital Partners. She has also served in senior roles at Deutsche Bank and Bankers Trust Asia. She reports to Christopher Sturdy, the firm's chairman for Asia Pacific.

Manulife Financial appointed Chris Bendl as senior vice president and head of regional wealth management for Asia. Bendl was most recently the chief executive of an Indonesian life insurance firm. He reports to Robert Cook, the senior executive vice president and general manager for Asia.

Manulife Asset Management appointed Ronald Chan as senior managing director and head of equities for its Asia business. Chan was most recently the deputy chief investment officer at Pacific Eagle Asset Management.

ANZ Banking Group hired former Royal Bank of Scotland executive Charles Li to lead its China operations. Li was previously the country executive and head of global banking for RBS in China.

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