A summary of moves and appointments at private banks, wealth managers and other institutions with HNW clients during March.

United Overseas Bank made two appointments to its management team: Kelvin Ng took over as head of group global markets, and replaced Leslie Foo, who retired. Adaline Zheng was appointed as the new CEO of UOB’s Hong Kong branch. Ng, who has more than two decades of markets experience, joined UOB in June 2019 as group head of trading. Ng reports to Frederick Chin, head of group wholesale banking and markets.

Zheng is responsible for overseeing UOB’s businesses and operations in Hong Kong, defining its strategic directions, driving growth and development. Zheng, who has more than two decades of experience in the banking sector, started out as a management trainee in a multinational bank in China. She joined UOB in 2018 as head of wholesale banking in UOB China and later served concurrently as its alternate CEO.

Zheng succeeded Christine Ip, who has been CEO of UOB’s Hong Kong branch since 2012. Zheng will report to Ip, who is remaining as UOB’s CEO of Greater China, a position she has held since 2016. Ip is concurrently UOB’s head of group strategic communications and brand in Singapore.

Francis Liu, who was appointed chief executive for the private clients business of Lombard Odier in Asia in July 2022, based in Singapore, left the group. Liu was also CEO for Singapore at the bank. Liu joined from UBS Wealth Management in Hong Kong, where he assumed various leadership roles within UBS’ Asia-Pacific wealth management franchise for a period of 12 years. Prior to UBS, Liu worked as a managing director at Merrill Lynch Private Wealth Management covering Taipei, Singapore and Hong Kong, where he was head of the Greater China region. Vincent Magnenat oversees Lombard Odier’s private banking business in Asia in the interim.

Bank of Singapore appointed Felicia Tan as team head. Tan, based in Singapore, reports to Jeffrey Tan, market head, ASEAN. Formerly at Deutsche Bank Wealth Management, Felicia Tan was also a team head, responsible for supporting clients across Southeast Asia, focusing on Singapore and Malaysia. Prior to that, she was with BNP Paribas Wealth Management and Credit Suisse Singapore in a similar capacity.

Citi appointed Lin Hai as head of Citi Commercial Bank (CCB) for China. Hai oversees all business and operations for CCB China and is responsible for driving CCB China’s operations, and financial performance, including fostering key client and regulatory relationships. Hai reports to Gunjan Kalra, head of Citi Commercial Bank for Asia North, Australia & Asia South clusters and Luke Lu, Citi country officer and head of banking for China.

The family office of Google co-founder Sergey Brin hired the former head of sustainability for Singapore’s sovereign wealth fund to help find and manage green investments. Rachel Teo joined Bayshore Global Management at its Singapore office established in 2020. Teo worked for 18 years at GIC Pte until last August, when she left the Singapore fund.

Sun Life appointed Mahima Tankha Marwah as chief client experience and marketing officer, Asia. She is based in Hong Kong. Tankha Marwah has more than 20 years of experience in channel management, brand management, digital marketing, customer experience and insights in life, health, and general insurance in Asia. Prior to this new post, she served in senior insurance distribution, client experience and marketing roles at global financial services providers, FWD and Allianz.

Bank of Singapore appointed former Credit Suisse senior figure Ronnie Cheung as Greater China chief operating officer, Hong Kong branch. Based in Hong Kong, Cheung reports locally to Cindy Wong, CEO of the Bank’s Hong Kong branch, and functionally to Jacky Ang, global COO.

With more than 20 years’ industry experience, Cheung was the Hong Kong COO at Credit Suisse; before this, she was the Chinese equities COO at the Swiss bank, managing its strategy for onshore and offshore equities in mainland China. Cheung, who has served in several senior roles in the US, the UK, Hong Kong and mainland China, has also worked at other banks such as Goldman Sachs, UBS and BNP Paribas.

HSBC made two hires for its team serving ultra-high net worth clients. Kerri Lim was appointed as head of ultra-high net worth segment for Asia. Based in Singapore, Lim leads the UHNW growth strategy in Asia. She reports to Caroline Kitidis, global head UHNW segment, on a functional basis, and Lavanya Chari, global head of investments and wealth solutions, on an entity basis. Lim, who has more than 20 years of experience in the financial and banking industry, previously worked at UBS. Her most recent role at UBS was head of business development, global family institutional wealth, APAC. 

Pritash Mathur was named head of family office coverage for Global India/Global South Asia (GSA), based in Singapore. He oversees UHNW growth strategy for Global India/GSA working closely with market heads in India, Asia, MENA and Europe, as well as the firm’s partners. Mathur, who reports to Lim, who has more than 20 years of experience in private banking, has had an extensive tenure at HSBC in Hong Kong and Singapore. Prior to HSBC, he worked at Credit Suisse in Singapore, Zurich, and India, where he established the India onshore private bank in 2008.

Indosuez Wealth Management appointed Hank Chiu as executive director and Renee Wu as senior director in its North Asia team. Chiu has more than 20 years of experience in wealth management. Early in his career, he was based in Taiwan where he specialised in the priority banking segment, focusing on building the investment portfolios of high net worth individuals. Chiu also served in senior roles at UBS Wealth Management and Morgan Stanley Wealth Management over the past 17 years, both in Singapore.

Wu has almost two decades of banking experience in Taiwan. Prior to joining Indosuez, Wu was senior vice president of the private banking division at Taipei Fubon Bank where she played a role in acquiring high net worth clients. Her previous responsibilities included managing teams at ANZ Bank and Citibank.

EFG Bank AG appointed Ravi Ramakrishnan as EFG Singapore Branch’s new market group head covering the Global South Asia (GSA) market. It also named Alex See as market group head, Greater China, for its Singapore franchise. Ramakrishnan and See report to Tho Gea Hong, CEO of EFG’s Singapore branch.

Ramakrishnan has nearly 30 years of experience in private banking. Previously, he served as managing director and head of GSA and MENA at Standard Chartered Bank in Singapore. Prior to that, he was managing director and market head of Middle East and Africa at DBS Bank. He has also held senior positions at HSBC, RBC and Clariden Leu.

See, who has 25 years of banking and wealth management experience, manages the continued development of its business activities in the region. He was previously managing director and market head of Greater China at Bank of Singapore (BOS). He also served in senior roles at ING Asia, HSBC and Citibank.

Julius Baer appointed former Credit Suisse and Deutsche Bank senior figure Malcolm Tay as group head Southeast Asia – a newly-created role. Tay is based in Singapore, and reports to Yee Chin Lit, market head, Southeast Asia. With more than 30 years of wealth management experience, Taylor held positions at Credit Suisse, such as deputy market group head and market leader for Indonesia. Prior to this, he spent 18 years at Deutsche Bank Wealth Management, most notably as group head for SEA. He was also a client relationship manager at Merrill Lynch and co-head of Indonesia’s onshore private bank at Citi Private Bank for a decade.