People Moves
Summary Of Executive Moves In Asian Wealth Management - December 2019

A summary of moves among senior wealth management industry figures from across the Asia-Pacific region.
Asian e-commerce group Alibaba and its financial affiliate Ant Financial changed a number of senior executive roles as part of restructuring which is taking place under the newly-appointed Daniel Zhang as chairman of Alibaba.
Ant Financial appointed Simon Hu as its new CEO and replaced Eric Jing, who stayed at the firm. Hu joined Alibaba Group in 2005 and has served as president of Ant Financial since November 2018. Before that, he held positions in Alibaba's cloud computing and SME loan divisions. Hu reports to Jing.
Allianz Real Estate appointed Danny Phuan to the newly-created role of Asia-Pacific head of acquisitions. Phuan is based in the firm’s Singapore office and reports to Asia-Pacific CEO, Rushabh Desai.
HSBC Private Banking appointed four senior executives to join its family advisory services and philanthropy businesses in the Asia-Pacific region.
Aik-Ping Ng joined as co-head of Family Office Advisory and senior family governance advisor; Edith Ang as co-head of Family Office Advisory and senior family governance advisor; Dorothy Chan was appointed as head of Philanthropy Advisory and Charitable Services, and Christine Wong took up the role of head of Greater China Market, Private Wealth Solutions.
The chief transformation officer of Manulife Singapore, Kwek-Perroy Li Choo, left the firm after being in the role for more than three years. Before this, she was chief marketing officer, Singapore, at AXA. Prior to AXA, Kwek-Perroy worked with companies such as Deloitte and Great Eastern Life Insurance.
Senior Asia wealth management figure Calvin Hsu, who is based in Hong Kong, was appointed managing director at Liechtenstein-based LGT. Hsu works at the private bank and asset management business of LGT. Prior to joining LGT, Hsu was a partner, chief operating officer and managing director at Carret Private Capital, where he was also based in Hong Kong from 2017 to 2019; before this, he worked at Citi Wealth Advisors for five years. Other roles include working at the private banking and investment group of Merrill Lynch Wealth Management.
Christie’s appointed Michelle Chan from rival auction house Sotheby’s as head of its wine department, Asia-Pacific. Prior to this, Chan was head of auction sales at Sotheby’s wine department, working there for nine years.
Standard Chartered Private Bank appointed Cedric Lizin as regional head, ASEAN & South Asia, private banking. Lizin joined from UBS, where he was most recently head of wealth management and senior executive officer for Dubai. Lizin was a chief operating officer and had roles involving building out platforms in Asia as well as an onshore Japan business. Lizin is based in Singapore and reports to Didier von Daeniken, global head, private banking and wealth management.
Srinivas Siripurapu, regional head, ASEAN & South Asia, and
global head, global South Asia Community, private banking, left
the bank in October 2018 to spend time with his family in India.
He had been at the bank for three years. Andrew Ho, managing
director and market head, South & Southeast Asia, private
banking, took on interim responsibilities for the private banking
business in the region until Lizin joined.
VP Bank in Singapore added senior figures to its private banking team in the Asian city-state: Davin Wong and James Long.
Wong, executive director and team head, has worked in the financial services industry in Singapore for two decades for the likes of United Overseas Bank, ANZ and, most recently, as team head at Julius Baer. He holds a degree in accounting and finance and a master of commerce, advanced finance from the University of New South Wales, Australia. In his new role, Wong reports to Karen Tan, head of private banking.
Leong, meanwhile, has 30 years of wealth management experience, ranging from treasury to wealth planning. In his last role, he was a senior relationship manager at Julius Baer and prior to that for ING, Bank of Singapore and Credit Suisse. He holds an MBA from Nanyang Business School. At VP Bank Leong is executive director and senior RM, reporting to Davin Wong.
Aberdeen Standard Investments appointed Garreth Innes as the head of Australian fixed income. Innes, who is based in Sydney, joined the Australian fixed income team in 2011 and has more than 10 years’ industry experience.
Koji Nagai, the chief executive of Nomura, the Japanese banking group, was made chairman of the board of directors, while group co-chief operating officer Kentaro Okuda took on the CEO slot, as well as that of president. Okuda has been at Nomura since 1987. Before his most recent position, he was CEO of Nomura Holding Americas.
M&G Investments appointed Matthew O’Sullivan as head of Asia-Pacific origination with the remit to build a credit and alternatives origination team, based in Singapore. O’Sullivan, who relocated from London, set up a team to originate and analyse investment opportunities. He reports to Alex Seddon, co-head of private credit, in London. Gareth Anderson, associate director, joined him. He has eight years’ experience of originating and investing in credit, with the last three spent working in Singapore.