People Moves
Summary Of Asia-Pacific Moves In February 2017
Here is a summary of the moves and appointments in Asia's wealth management industry in February.
Kathryn van der Merwe joined ANZ as group executive of talent and culture from Bain & Company. In her most recent role at Bain, van der Merwe was expert vice president for the firm’s results delivery practice in the Asia-Pacific region. At ANZ, she is responsible for leading the human resources function and serves as a member of the group executive committee, reporting to chief executive Shayne Elliott.
Sun Life Hong Kong appointed Fabien Jeudy as its new chief executive. It also appointed Belinda Au as general manager, distribution and marketing, based in Hong Kong, and Belinda Luk as general manager for wealth and pensions in Hong Kong. These appointments were newly created roles. However, there was formerly a CMO, Jeremy Young, who moved across to head up marketing at the firm's regional office. SLHK has put the CMO responsibilities under Au's new remit.
Harvest Global Investments, the Chinese and Asian markets asset manager, made a splash of hires around the world. Ruiqi Wang joined from Deutsche Bank as executive director and head of China sales. She is based in Hong Kong. Yuki Nishio, formerly of Mirae Asset Daewoo Securities, was appointed as vice president and head of Japan and Korea sales. Nishio has over 10 years of experience covering corporate and institutional clients and is also based in Hong Kong. Rounding off the appointments, Joyce Lui was named as vice president for marketing and business development. Based in Hong Kong, Lui coordinates marketing and communications activities with the firm's global sales teams, and also liaises with media and PR agencies.
Meanwhile, Sirinda Flik joined as regional business development manager, focused on European clients and based in London. Flik has eight years of experience in the asset management industry, including time spent at Legal and General Investment Management and Willis Towers Watson. Across the pond in New York, Angela Wang joined as vice president of business development to focus on distribution for US clients. Wang has over eight years of experience in institutional sales and previously worked at HGI in London, as well as at BOCI and BoA Merrill Lynch in Hong Kong.
Rounding off the appointments, Joyce Lui was named as vice president for marketing and business development. Based in Hong Kong, Lui will coordinate marketing and communications activities with the firm's global sales teams, and also liaise with media and PR agencies.
Canaccord Genuity Wealth Management appointed David Scammell as a business development director, based in the UK, with a remit to drive business in Southeast Asia. He joined the international sales team. Scammell has more than 17 years’ experience as a wealth management professional and previously worked at Brooks Macdonald International.
Credit Suisse made two senior hires to its private wealth group in India. Inigo Mendoza was named as head of private banking for India, while Singapore-based Balakrishnan Kunnambath now oversees the business in addition to his existing portfolio. Kunnambath, also head of private banking market for the non-resident Indian (NRI) Asia-Pacific and Indian sub-continent regions, took the reins from Mendoza, who has for a year overseen the business alongside other duties.
Franklin Templeton Investments, the US-headquartered firm, appointed Adam Quaife as regional head of Southeast Asia and co-chief executive for Singapore. Previously, Quaife led the firm’s retail and institutional operations in Central and Eastern Europe and the Middle East. In the new position he took the helm from Stephen Grundlingh, who moved to California to a newly-formed role as channel head of institutional strategy. Quaife reports to Mark Browning, managing director for Asia-Pacific. As part of the change, he relocated to Singapore from Dubai.
Australia and New Zealand Banking Group appointed Jennifer Kusuma as senior Asia rates strategist, reporting to Khoon Goh, ANZ’s head of Asia research. Kusuma previously worked at BNP Paribas, the Paris-listed banking group, where she was a strategist covering foreign exchange and interest rates, with a focus on currency and fixed income on Southeast Asian markets. Prior to that, she was Asian rates strategist at Standard Chartered Bank, covering Asia ex-Japan. She provides analysis and insights on fixed income markets within Asian markets as well as formulating strategies and executable trade ideas, with a particular focus on Indonesia, Malaysia and Thailand. She is based in Singapore.
Insight Investment, a global investment manager, made a senior appointment in Australia, naming Rob Thompson as head of advisor distribution. Thompson was previously head of distribution at PM Capital, and has held similar roles at Perpetual and Macquarie Bank.
BNY Mellon Investment Management named Denis Gambi as director of institutional business for Australia. Gambi provides investment-related services to the firm’s institutional, corporate, government and ultra-high net worth clients. He reports to Phil Filippelis, country head for Australia.
Impact Investing Australia, the organisation set up in 2014 to promote this form of money management, saw the departure of chief executive Daniel Madhavan. He was at the group since October 2014. Previously, Madhavan had worked for 12 years at wealth management firm JBWere, holding roles including those of chief operating officer and acting CEO. His role is not being replaced.
Union Bancaire Privée appointed a chief operating officer in Singapore following the resignation of Jeff See. The firm changed its operating model by appointing COOs for Hong Kong and Singapore. The two new COOs were Stephane Kiefer in Hong Kong and Michael Moncarz in Singapore. They both report to Ian Cramb, group COO, and Michael Blake, chief executive of private banking in Asia. Kiefer was previously chief operating and risk officer at CIC in Hong Kong, while Moncarz was managing director and head of financing and FI-FX operations for Asia-Pacific at Natixis.
Union Bancaire Privée also appointed Febby Avianto in Singapore as market head, Southeast Asia, responsible for growing its Indonesian business. In this role, Avianto reports to Ranjit Khanna, market head, South Asia and NRI Asia and Middle East. Previously, Avianto was a managing director at Falcon Private Bank in Singapore
SANNE, an international provider of outsourced alternative asset and corporate administration and reporting services, appointed Valérie Mantot, director, SANNE in Asia, and Ching Yng Choi, head of Asia at ALFI, as co-chairs of the newly formed Association of the Luxembourg Fund Industry (ALFI) Singapore Working Group. Mantot was previously chair of the ALFI Dubai Working Group for more than five years. Choi had headed the ALFI Asia representative office for the last six years, chairing the ALFI Hong Kong Working Group and co-chairing ALFI TA & Distribution Forum Asia, out of Hong Kong.
Credit Suisse gave Young Jin Yee the additional role of chief executive of its philanthropic foundation, SymAsia. Young, who also serves as market group head for Singapore, took over from Benjamin Cavalli, who has held the role since 2014. Cavalli decided to step down to focus on his additional responsibilities as Singapore CEO. Cavalli is Credit Suisse’s Singapore CEO, as well as head of private banking for Southeast Asia, and head of Singapore location for private banking.
LGT added to its Singapore senior management team with the hire of Elizabeth Hart, formerly chief executive at Rothschild Wealth Management. Hart was previously at Rothschild for 12 years and starts her position as managing director at the beginning of March. This follows on from the Liechtenstein bank's purchase late last year of ABN AMRO's wealth management business in Asia.
Guernsey Finance, the body that promotes the island’s financial sector, appointed Christopher Chan as its first Hong Kong representative, highlighting how IFCs are making a push into Asia. Chan has worked in Hong Kong’s financial and corporate services sector for the past six years, with a particular focus on business development.
Australia and New Zealand Banking Group appointed a chief investment officer for its Australian wealth management arm and a chief information security officer. The bank appointed Mark Rider as chief investment officer for wealth Australia. Rider has been at the lender since 2013, when he joined as head of investment strategy and asset allocation. Previously, he spent 16 years at UBS in senior economics and global asset management roles. Before that, he spent 10 years at the Reserve Bank of Australia as an economist. Rider succeeded Stewart Brentnall, who left ANZ to take up another senior CIO opportunity in the Australian industry.
The chief executive of Maybank Asset Management left the
Malaysia-based firm. He had served as member of the board of
directors for Maybank AM Group. The group serves ASEAN markets in
Malaysia, Singapore and Indonesia. Nor Azamin’s time at the firm
dates back to 2013, when he was appointed as a non-independent
non-executive director of Maybank Private Equity.
Credit Suisse's private bank made a quartet of appointments in Asia. Pauline Or joined in January this year as a director for the Hong Kong market at Credit Suisse. Prior to this, she was a relationship manager at Deutsche Bank's private wealth management arm, working there for six years. She has more than 20 years’ experience in Hong Kong's private banking sector.
Vincent Chan joined as a director and team leader in the China market. He has more than 20 years’ experience in private banking and corporate banking. Before joining Credit Suisse, he was a director and team head with Bank of China international private banking for six years. Chen Yu Ling joined as a director and senior relationship manager for the Hong Kong market. She joined from Barclays Wealth where she was a director and senior private banker for three years, and has 18 years’ experience in private banking in Hong Kong and Australia. Doris Sze joined as a director and senior relationship manager for the Hong Kong market. Before joining Credit Suisse, she was a director in Bank of China private banking.
Indosuez Wealth Management in Hong Kong appointed Stanley Yeo and Radhika Jasuja as senior directors. Yeo has more than 10 years of private banking experience. Previously, he was with ANZ Private Bank, working in both Hong Kong and Australia. Jasuja previously worked at BNP Paribas Wealth Management in Singapore and Pictet & CIE Banque Privee in Hong Kong for over 10 years as a private banker. Jasuja and Yeo took up newly created roles at Indosuez.
The firm also named Arjan de Boer as head of markets and investment solutions in Hong Kong. de Boer is responsible for the firm's product and service offering in Asia, as well as overseeing the markets and investment solutions teams in Singapore. He reports to Antoine Candiotti, chief executive of Indosuez Wealth Management in Hong Kong, and to the head of markets and investment solutions in Geneva. de Boer began his financial career at Hollandsche Bank Unie, and has also worked at ABN AMRO Private Banking and ANZ.
The former chief operating officer at CIC in Hong Kong was named to the same role at Union Bancaire Privée in the city-state. The new COO is Stephane Kierfer. He reports to Ian Cramb, UBP’s group COO, and Mike Blake, CEO private banking Asia. Kierfer previously held roles at Banque Privée Edmond de Rothschild, Hong Kong and Societe Generale Private Banking, Societe Generale Hong Kong.
Reto Marx, regional head for financial intermediaries in Asia-Pacific at UBS Wealth Management and based in Singapore, is heading to Switzerland, the bank said. He has spent almost 20 years in Asia.
Australia-based robo-advisor firm Ignition Wealth created a new division to support its XPLAN financial planning solution, and appointed Rob Corben as head of advice to lead this business area. The firm, located in Sydney, joined forces with XPLAN customisation specialists PlanFocus to form the new division that Corben leads.
Aviva Investors named Stuart Ritson as head of Asian rates and forex, boosting the firm’s emerging market debt offering in the region. Ritson relocated to Singapore and reports to Liam Spillane, head of emerging market debt. He has worked at the firm since 2007 and also serves as portfolio manager for local currency and blended EMD strategies.
Global auctioneers Christie’s appointed Dr Dirk Boll as president
for Europe, Middle East, Russia and India. He took over from
Guillaume Cerutti, chief executive, who previously held the
president role. Dr
Boll joined Christie’s in 1998 in London before moving to Germany
to head its Stuttgart office. In 2004, he transferred to Zurich
to become managing director of the region before being promoted
in 2011 to MD, continental Europe, relocating to London. In this
role he has run all the offices in the region including in the
Middle East, Russia and India.
Old Mutual International, part of Old Mutual Wealth, named a new chief executive in Singapore, Ian Kloss, taking the helm from Steve Hickman, who left the firm to pursue other opportunities. Kloss was at Old Mutual International from 2014, taking on the role of an area sales manager in Hong Kong. An expat from the US, he is credited with raising awareness of the problems US citizens living abroad have in managing pension savings.
Emma Gray joined ANZ as chief data officer, responsible for the bank’s data strategy including how it is defined, gathered, managed and protected. Based in Sydney, Gray works with other teams across ANZ. Gray was previously chief loyalty and data officer at Woolworths, having previously been a partner at US consulting firm Bain & Company. Besides her commercial experience, she has an MBA from Harvard Business School and is on the board of the Melbourne Business School Centre for Data Analytics.
Evercore, the investment banking and wealth advisory house, ramped up its Asian investment banking business with a new Tokyo office. The firm also bolstered a cross-border mergers and acquisitions partnership with an Australian firm. New York-listed Masuo Fukuda joined its investment banking business as senior managing director, given the task of setting up an office in Tokyo. Evercore has had a cross-border alliance with Japanese financial group Mizuho since 2006. Fukuda was latterly co-head of the investment banking group at Mizuho Securities. He was previously the global head of M&A at SMBC Nikko Securities and, prior to this role, head of investment banking at Sumitomo Mitsui Financial Group.
International offshore law firm Carey Olsen added Andrew Tually to its Singapore office, a move designed to meet increased demand for corporate and financial legal services. Tually joined the firm in 2007, having worked as in-house counsel for an insolvency practice in Australia.