The latest roundup of moves, for the APAC wealth management industry.

Indosuez Wealth Management appointed Francis Tan as chief strategist Asia, based in Singapore. Tan joined from United Overseas Bank, where he spent over a decade, most recently as investment strategist at UOB Private Bank. Earlier in his career, he had worked across several financial services institutions including Phillip Capital and Royal Bank of Scotland.

Brown Advisory, the US investment firm, appointed Yoon Bean Kim as head of North Asia (ex-Japan). The role is a new one for the firm. Kim joined from Fullerton Asset Management in Singapore, where he was mainly responsible for building a presence and growing sales in South Korea. Prior to this, he worked at JP Morgan Asset Management for eight years. Eddie Yue, chief executive of the Hong Kong Monetary Authority, was reappointed for a five-year term. 

Kees Stoute, regional private banking chief operating officer for EFG Bank, based in Hong Kong, retired from the Swiss firm. Stoute, who was in his role from July 2023, was previously CEO for EFG Bank Hong Kong from May 2017 to July last year. Before that, he was on the supervisory board for Darwin Depository Services (September 2015 to May 2017). Stoute was also a director of Sonam, a consultancy business in Westbroek, the Netherlands, and was MD for Hubbis – the media group – in Hong Kong from 2015 to 2017.

EquitiesFirst, a global asset-backed financing specialist, appointed David Oh as executive director. Oh is based in Singapore and has worked for more than 15 years in investment banking and technology finance. He has expertise in capital markets and investor relations in mergers and acquisitions (M&A), initial public offerings, as well as private fundraising.  

iCapital, an alternative investments' platform, appointed Tuan Lam as Asia-Pacific head. Based in Hong Kong, Lam reports to Marco Bizzozero, head of international business at iCapital. Separately, Edwin Chan retained his role as head of client solutions for APAC.

Julius Baer appointed former Deutsche Bank senior figure Urs Brudermann as group head for Thailand. Based in Singapore, he reports to Shui Wei Ho, Thailand market head. In this newly-created role, Brudermann oversees the bank’s offshore Thailand coverage and its joint venture with Siam Commercial Bank, SCB Julius Baer. Brudermann has more than 24 years of wealth management experience globally, including 12 years in Singapore where he held senior positions across various Southeast Asian markets. At Deutsche Bank, he served as market head for Southeast Asia, primarily covering Thailand, Malaysia, and Indonesia. Prior to joining Deutsche Bank in 2021, he spent 11 years at Credit Suisse in leadership roles, managing teams in Singapore and Hong Kong with a focus on Thailand and Malaysia.

Standard Chartered Private Bank appointed relationship managers and team leaders in its global team based across booking centres in Singapore and Hong Kong.

Singapore
Nicholas Cheng joined as managing director, head of private markets group, reporting to Foo Tian Ong, regional head, private banking, Southeast Asia, and Singapore location head. Most recently, Cheng focused on strategic advisory to C-suite, and franchise building together with UHNW and institutional limited partnerships.

Hedi Dorai joined the bank in June as executive director, RM, reporting to Vijai Krovvidi, market head, private banking, global South Asian clients. Dorai has more than 20 years’ experience, having worked in leading private banks including most recently at Credit Suisse. He has worked in investment advisory and portfolio management for HNW and UHNW clients in Asia, the Middle East and Europe.

Au Soo Leng joined as executive director, RM, reporting to team lead Andy Chua. Soo Leng brings 30 years of experience in private banking and wealth management with HSBC, during which time she honed her franchise building and client engagement skills with HNW and UHNW clients.

Angelina Wee joined as ED and RM, reporting to team lead Gregory Wong. Most recently with UBS, Wee developed her career in private banking over the last 20 years.

Royston Ow Yong joined from UBS as MD, team lead, reporting to Paterson Lau, market head, private banking, Indonesia. Yong has 25 years’ experience working with UHNW clients in Indonesia and Singapore.

Hong Shuqin and Gabriel Koh joined as director, RM and associate director, RM, respectively, reporting to Paterson. Shuqin has nearly 20 years of experience in client relationship management; most recently, she was with Deutsche Bank. Koh has more than 15 years’ private banking experience, including a spell at UBS.

Sarah Lim joined from UBS as head, investment advisory, reporting to Tian Ong. In this role, Lim leads the ASEAN and Greater China investment advisory team based in Singapore. 

Hong Kong
Jeffrey Song joined in June as executive director, RM, reporting to team lead Joseph Tam. Song brings 12 years of private banking experience to the role, having previously worked at Credit Suisse.

Charlene Mak rejoined the bank in June from Bank of Singapore as executive director, RM, reporting to team lead Elina Yuen.

Helen Tong joined as MD, RM, reporting to Kin Chan, market head, private banking, Hong Kong. Tong has 16 years of experience working in leading international banks in Hong Kong, most recently at Credit Suisse. 

Ramon Au Yeung joined from Pictet Wealth Management as executive director, RM, reporting to senior client partner, Nenita Ang Gabaldon. Yeung has more than 35 years’ experience in wealth management and private banking, covering markets in Greater China and the Philippines.

EY, aka Ernst & Young, appointed Helena Robertsson as global family enterprise services leader. She advises family-owned enterprises. Robertsson, a senior partner with more than 20 years' experience of advising firms and individuals around the world, took over from Marnix van Rij, who retired after 25 years with EY.

Valerie d'Argembeau went to work at Bordier's Singapore office to lead its regional business. Prior to this, she was managing director and private clients head, Singapore and Asia Switzerland, for Lombard Odier. Prior to Lombard Odier, where d’Argembeau worked for almost 12 years, she was at Société Générale and Barclays.

360 ONE, an India-based wealth and asset management house, appointed financial industry figure Pankaj Fitkariwala as chief operating officer. Fitkariwala, who is a founding member of the business, returned after a four-year stint outside of the firm, during which he was the COO of Avendus Wealth and Avendus Finance. Most recently, he co-founded Wealth Fintech Goalteller, an India-registered investment advisor and distributor of financial products. Other roles in a career lasting more than 20 years have included tenures at Kotak Mahindra Group, ABN AMRO, and Barclays.

Deutsche Bank appointed former HSBC senior figure Paul Handley as managing director and a market head for South-East Asia (SEA) in the private banking arm. Based in Singapore, Handley reports to Johanes Oeni, who is the head of the private bank in Southeast Asia. Handley has more than 25 years of industry experience, most recently at HSBC where he managed the Thailand desks onshore and offshore, Vietnam and Philippines. Prior to that, Handley spent five years at JP Morgan Private Bank.

Deutsche Bank appointed former UBS/Credit Suisse senior figure Hugo van Kattendijke as head of external managers for the private bank emerging markets business. Based in Singapore and reporting to Marco Pagliara, who is head of the private bank’s emerging markets head, van Kattendijke has more than 20 years’ experience in financial services and direct management experience with EAMs. He has worked with institutional asset managers in Asia Pacific since 2004. At UBS/Credit Suisse, van Kattendijke was head of external asset managers APAC. Before joining Credit Suisse in 2022, he worked for more than 10 years at UBS.

Raffles Family Office appointed former RBC Wealth Management CEO for Asia, Terence Chow, as chief operating officer. The firm reappointed a dedicated COO position after Yvonne Siu departed in 2021. Based in Hong Kong, he reports to Chi-man Kwan, RFO’s group CEO and co-founder. With over 20 years of experience in the financial services industry, Chow was most recently CEO for wealth management, Asia, at RBC.

Barclays appointed a senior figure in the financial industry, Hussain Selanim, as managing director, head of investments India and global Indians. Selanim is responsible for running and distributing all investment products and services (including wealth advisory) across the private bank and wealth arms for the India and global Indians client segments. Based in Mumbai, he reports functionally to Jean-Damien Marie, global head of investments, private bank and wealth management and locally to Nitin Singh, head of the private bank for Asia-Pacific. Prior to this, Selanim was chief executive of CorpCare Ventures Private Limited, where he was responsible for building an advisory business delivering investment and financing solutions to corporates and family offices.

RBC Wealth Management made various shires in the Asia-Pacific market. The roles were all newly created: 

Daniel Soo joined RBC in Singapore as managing director and market head. Soo has 28 years of experience in the banking and financial services industry covering the Southeast Asia and Greater China markets. He joined from UBS, where he was MD and market team head; previously, Soo was at Credit Suisse and Standard Chartered Private Bank.

Lawrence Yap also joined RBC in Singapore as an executive director. Prior to RBC, Yap spent eight years at Credit Suisse and has held senior positions at Standard Chartered Private Bank and HSBC Private Bank.

The firm also added hires in Hong Kong.

Joe Lau was named as executive director and team head, bringing more than 25 years’ experience in the banking industry across Hong Kong, Singapore, China and the US. He joined from Credit Suisse, where he was a director and team leader, Greater China Market.

Sarah Tan was appointed as executive director. She was most recently at EFG Bank as an executive director and brings 25 years of private banking experience in Hong Kong, Singapore and Switzerland.

Ada Wang, ED, also joined. Wang, who was previously director for wealth management at Credit Suisse, has more than 20 years’ banking sector experience. 

Other hires:

Christy Yuan, ED spent over 25 years in the private banking and wealth management industry covering Greater China markets. She joined from Credit Suisse in Hong Kong where she was a director.

Danny Zhao, director has more than 17 years of experience in the private banking industry across Greater China. Most recently, he was a vice president at Credit Suisse.

S64, an alternatives fintech and solutions partner to the wealth management industry, appointed Sydney Matt Stovold as head of Australia and New Zealand. Prior to joining S64, Stovold’s 25-year career has included roles in Goldman Sachs, JBWere, UBS and Franklin Templeton.

Franklin Templeton appointed Oliver Lee as senior vice president, senior client portfolio manager at Templeton Global Investments (TGI). It also appointed William Chang to the newly-created role of senior client portfolio manager at Franklin Equity Group.  TGI represents the combined businesses of Franklin Templeton Emerging Markets Equity (FTEME) and Templeton Global Equity Group (TGEG) under a single umbrella.

Lee is based in Singapore and reports to Anu Sawhney, managing director and head of business development at TGI. Lee has more than 20 years of experience across investment banking and asset management in Europe and Asia. Prior to Franklin Templeton, he most recently served as a client portfolio manager representing Japan equities at Eastspring Investments. He took over from William Chang, who will still be based in Singapore, reporting to Evan Davis, head of business development at the Franklin Equity Group. 

Chang has nearly 20 years of experience in the asset management industry. Immediately before joining Franklin Templeton in 2021, Chang was a vice president with the client solutions team with Goldman Sachs Asset Management in New York. 

Synpulse, a global professional services provider to major banking and insurance institutions, appointed Joel Lim as partner and head of insurance APAC, based in Hong Kong. Formerly CEO Asia at Coherent and Technology Consulting Partner at EY Consulting, Lim has over 25 years of extensive experience in digital and emerging technologies within the financial services industry. 

PGIM Private Alternatives, part of PGIM, appointed former MLC Asset Management senior figure Daniel Greyling to the newly-created role of vice president, Asia-Pacific business development.

Greyling is based in Sydney, Australia. Greyling reports to Eduard Wehry, head of Asia-Pacific business development, PGIM Private Alternatives. At MLC, Greyling was director of institutional sales. Before this, he spent 12 years at Russell Investments.

Vistra appointed David Anderson as country managing director (CMD) for Singapore. In this newly-created role, Anderson reports directly to Kim Jenkins, chief operating officer. He joined Vistra from GLG (Gerson Lehrman Group) where he was the managing director, south APAC, with a focus on the private equity sector.