People Moves
Executive Moves - March 2010 Asia-Pacific
Here is a roundup of the latest wealth management executive moves for the Asia-Pacific region during March.
Asia Pacific
RBS Coutts, the international private banking arm of the Royal Bank of Scotland, relocated London-based global co-chief investment officer Nick Cringle to Hong Kong.
Bank Julius Baer named David Lim as head of private banking South East Asia as of 1 February 2010. Lim was the deputy chief executive officer Singapore and head of investment finance.
UBS is looking to hire 400 client advisors in Asia, increasing its already 1000-strong team by 40 per cent.
RBS Coutts Singapore is boosting its private banker headcount, recovering after losing a large group to a rival about half a year ago. It has since recruited 65 people, 12 of them bankers, Nick Pollard, chief executive of RBS Coutts Asia.
Tokyo-based Nomura Holdings has made a raft of new management appointments. The following changes are effective from 1 April 2010.
Hiromasa Yamazaki, the current global markets deputy chief executive, will be promoted to chief executive officer to oversee the division’s operations. Akira Maruyama, the current global markets CEO, will become deputy president of Nomura Securities. Naoki Matsuba, head of global equities, is to take over as the new CEO for the Americas. Rachid Bouzouba will be appointed co-head of global equities. Yasuaki Ogiwara is to become president and CEO of Nomura Italia. Albert Weng has been named head of the Taipei branch of Nomura International (Hong Kong). Masahiro Goto, meanwhile, will move to London from Tokyo to take up the position of co-head of Investment Banking, EMEA.
Nomura additionally announced the creation of a group risk management planning department to be overseen by Shigesuke Kashiwagi, currently CEO for the Americas. In business support, Hiroshi Tanaka, currently group compliance head and chief information officer, will be appointed group chief administrative officer