The latest senior wealth management moves and appointments in the Asia-Pacific region during July.

Julius Baer announced new members for its global India and domestic markets franchise. Tarun Jalali, formerly of Emirates NBD Private Bank, joined as group head for non-resident India business in Dubai. He succeeded Kunal Sumaya. At Emirates NBD Private Bank, Jalali worked for about seven years, most recently as head of Global South Asia Business and Africa. Prior to that, he was the head of the UAE Premiere Banking business at HSBC and a Citigold relationship manager for the NRI market. Jalali, who is based in Dubai, reports to Rahul Malhotra, head of private banking for Global India and Developed Markets.

Michael Baechli, group head for NRI business and Japan Singapore head, decided to relocate back to Switzerland. He spent more than 15 years with the bank in multiple locations including Switzerland, Dubai and Singapore and served as group head covering the Global Indian business in Dubai from 2011 to 2016. In 2018, he moved to Singapore.

Kunal Sumaya moved to Singapore to assume Baechli’s role as a group head of Global India and Japan Singapore. He continues to report to Malhotra. 

Indosuez Wealth Management appointed Anne Toledano as global head of real estate. Based in Paris, she reports to Pierre Masclet, deputy chief executive officer of Indosuez Wealth Management. Toledano joined Crédit Agricole Corporate & Investment Bank in 2004 as head of real estate financing in Paris. Between 2013 and 2018, she was head of the bank's real estate activities in London before moving to Crédit Agricole Corporate & Investment Bank in Paris as a senior banker.

JP Morgan Asset Management, part of JP Morgan, appointed former Bank of Singapore figure Gary Leung as head of retail alternatives, Asia-Pacific clients. Based in Hong Kong, Leung reports to Dan Watkins, Asia-Pacific chief executive, JP Morgan Asset Management. Leung replaced Shawn Khazzam, who relocated to New York late last year to be the firm’s head of retail alternatives, Americas clients.

Goldman Sachs named former Australian federal treasurer Josh Frydenberg as senior regional advisor for Asia-Pacific. He had the role of managing Australia’s economy during the pandemic crisis. He has been in politics for decades, having been elected to the Australian Parliament in 2010 as the member for Kooyong in Victoria. In August 2018, he was elected Deputy Leader of the Liberal Party and was appointed Treasurer of Australia. Among other ministerial posts, Frydenberg served as minister for the environment and energy, minister for resources, energy and Northern Australia, assistant treasurer, and had been the parliamentary secretary to the Prime Minister since the 2013 election.

Eastspring Investments appointed George Ferraz as regional head of intermediary sales. Ferraz, who is based in Singapore, reports to Wendy Lim, regional CEO of Asia and global head of distribution, marketing and products. He has over 26 years’ experience, and was most recently director of new business development and relationship management at BNY Mellon in Boston, where he was responsible for Asia-Pacific distribution channels. Prior to that, Ferraz spent 18 years at Fidelity Investments in global and channel relationship management roles.

Standard Chartered Bank appointed Samir Subberwal as global head of digital business, in addition to his role as head of consumer, private and business banking in Asia. Subberwal, who has been with the bank for 28 years, played a pivotal role in the direction of MOX, the firm’s digital bank in Hong Kong. Subberwal is still based in Hong Kong, reporting to Judy Hsu, CEO, consumer, private and business banking.

Franklin Templeton appointed Christian Bucaro as head of retail for Asia, and Felicity Walsh as managing director and head of Australia and New Zealand. Based in Singapore, Bucaro is responsible for driving the growth of the firm’s retail business in Asia, ex-Japan and India. Clement Lee, head of retail sales, Southeast Asia and Simon Wong, head of retail sales, Greater China, both report to Bucaro.

Bucaro has over 19 years of experience in retail and institutional business development roles in Europe and Asia. Prior to joining Franklin Templeton, Bucaro was most recently the Singapore CEO and MD, head of strategic distributors relationships, APAC at BNP Paribas Asset Management.

HSBC Asset Management appointed former UBS wealth management figure Charles Li as head of wholesale business for Asia. In this newly-created role, Li is responsible for covering all wholesale clients in mainland China, Hong Kong, Taiwan, India, Japan and Southeast Asia. Li, who has more than 20 years of asset management experience, joined from UBS Asset Management where he was head of global wealth management client coverage, APAC and deputy head asset management (Hong Kong). Based in Hong Kong, Li reports to Thorsten Michalik, global head of wholesale, and locally to Daisy Ho, chief executive, Asia-Pacific and Hong Kong.

Sumitomo Mitsui Banking Corporation appointed former EY senior figure Priya Bellino as head of ESG solutions in Asia-Pacific. Singapore-based Bellino reports to David Koh, managing director and deputy head of corporate banking, Asia-Pacific at SMBC. Prior to EY, she spent 17 years of her career with Goldman Sachs in London and Singapore.

Global Wealth Management appointed Theresa Wong as hedge fund specialist in Hong Kong. Wong joined the firm from Goldman Sachs where she worked for nine years in various positions with a focus on hedge funds.

T. Rowe Price appointed Glen Lee as head of intermediary, Asia ex-Japan, to meet the growing demand for differentiated, actively managed investment products from financial intermediaries across Asia. Lee, who is based in Singapore, reports to Elsie Chan, head of distribution for Asia ex-Japan. With over 20 years of experience in asset management, Lee had previously worked at Eastspring. Before that, he worked with UBS Asset Management as head of wholesale client coverage for Hong Kong and Southeast Asia.

Union Bancaire Privée appointed Karrie Fung as a managing director, head of structured products for Asia. Fung began her career at Deutsche Bank in Hong Kong, before moving to Fortis Bank and JP Morgan within the equity derivatives team where she covered private bank clients in Hong Kong and Singapore. Fung spent a further eight years at BNP Paribas re-establishing the Singapore team and positioning BNP Paribas as a solution provider among private bank clients.

Impax Asset Management appointed Nana Li as head of sustainability and ESG, Asia-Pacific. Prior to this, Li worked at the Asian Corporate Governance Association, where she was research and project director, China. In this newly-created role, Li is based in Impax’s Hong Kong office. She reports to Lisa Beauvilain, head of sustainability and ESG.

The Financial Markets Authority, the New Zealand regulator, confirmed that it has appointed Margot Gatland as the new enforcement head. Previously, she was in the post ad interim, pending a full-time appointment. Gatland has been with the FMA since December 2017, when she joined as a senior solicitor. She brought extensive experience to the role, having worked at the Serious Fraud Office, Meredith Connell, commercial firms and in government.

Value Partners Group appointed Vincent Ching as head of intermediaries for Asia-Pacific to replace Wallace Tsang who stepped down. Based in Hong Kong, Ching reports to the group’s CEO, June Wong. Ching has 18 years of experience in the fund management and financial services industry. Before his new role, he had been the group’s head of Hong Kong retail distribution since 2019.

Standard Chartered Bank appointed Raymond Cheng in the newly-created role of chief investment officer for North Asia. Based in Hong Kong, Cheng reports to Steve Brice, group CIO. Before this role, Cheng worked at JP Morgan Private Bank where he was the head of Asia equity strategy, leading a team that was responsible for developing Asian equity views and themes as well as issuing security-specific recommendatons. Prior to that, he headed research at Bank of Communications, and Bank of China.

Vontobel Asset Management appointed Lee Wei Kai as head of Asia-Pacific to support clients in the region and grow the business. With an 18-year industry career, he took over the role from Ulrich Behm, who leads Vontobel’s intermediary and partnerships channels in Switzerland. Prior to joining Vontobel, Lee Wei Kai was at Stone Harbor Investment Partners, where he was a partner, head of Asia-Pacific and a founding member in Asia.

Lombard Odier announced that Vincent Magnenat, limited partner and chief executive for the Asia business, had taken on an expanded role as global head of strategic alliances for the bank’s private client franchise. He is based in Singapore and remains as Asia regional head. Magnenat reports to FrĂ©dĂ©ric Rochat, co-head of the private bank and managing partner of Lombard Odier. 

Private banking and wealth management veteran Francis Liu joined Lombard Odier as chief executive officer for the private clients business in Asia. He is also Singapore CEO. Based in Singapore, Liu reports to Magnenat.

Magnenat has been at Lombard Odier since 2012, joining as Singapore’s CEO and head of private clients, Asia, before taking on a regional portfolio as Asia CEO in 2018. He was invited to be a limited partner of Lombard Odier Group in February 2018. 

Liu joined from UBS Wealth Management in Hong Kong, where he assumed various leadership roles within UBS’ Asia-Pacific wealth management franchise over the last 12 years. Most recently. he served as regional head of the bank’s APAC ultra-high net worth business. 

Julius Baer was appointed Umang Papneja as the new chief executive of Julius Baer India. Shitin Desai retired from the board of Julius Baer Wealth Advisors (India) following more than three decades as the founding member of DSP Investments and later holding senior positions across Merrill Lynch and Julius Baer India.

Papneja reports to Rahul Malhotra, head of global India and developed markets, and took over from Ashish Gumashta who became executive chairman, Julius Baer Wealth Advisors (India). Papneja joined from IIFL Wealth Management where he was the chief investment officer, providing guidance for investment decisions across asset classes including equities, real estate, fixed income, commodities, and alternatives with a focus on continuous product innovation. 

Nomura Singapore appointed Tan Tee How as both chairman of its board of directors and chairman of Nomura Asia Pacific Holdings Co Ltd’s Audit Committee. Tan replaced Michael Lim, who stepped down from both positions.

Tan Tee How was appointed a director on the board of Nomura Singapore and Nomura Asia Pacific Holdings as well as a member of the latter’s audit committee in April 2022. His other board positions include being executive director of Singapore Exchange-listed Chip Eng Seng Corporation Ltd, chair of Singapore’s National Healthcare Group and its Casino Regulatory Authority, and an independent director of Hong Leong Finance.

PIMCO has named Qi Wang, managing director and portfolio manager, as CIO of portfolio implementation. Wang, who has 27 years of investment experience, joined PIMCO in 2010.

Sudi Mariappa, managing director and portfolio manager, who led PIMCO’s global portfolio risk management, became global head of analytics. Mariappa replaced Ravi Mattu, managing director, who retired from PIMCO after a four-decade career in financial services. Josh Davis, managing director, became global head of risk management.

Value Partners Group appointed June Wong as CEO. Wong, who was previously the group's president, joined Value Partners in October 2021. 

Eastspring Investments appointed Terence Lim as chief risk officer and Janelle Yeo as chief financial officer. Lim, who reports to Seck Wai-Kwong, chief executive officer, is based in Singapore and has more than 20 years of experience in the sector. Most recently, he was Asia-Pacific chief risk officer at abrdn, where he provided regional oversight and leadership of the risk and compliance function, as well as enterprise risk across its regional businesses. (abrdn was formerly known as Standard Life Aberdeen.)

The firm also appointed Yeo as CFO. Yeo, who has spent more than two decades in financial services, has been with Eastspring since 2008. Her last role was head of corporate strategy and mergers and acquisition. 

Altaz Dagha joined BrokerTec as a senior director for its products. Dagha, who is based in Singapore, reports to Robert Siddons, senior director, US Treasuries, Asia-Pacific.