People Moves

Summary Of Senior Wealth Management Moves In Asia-Pacific – June 2023

Editorial Staff 29 August 2023

Summary Of Senior Wealth Management Moves In Asia-Pacific – June 2023

The latest moves in the region's wealth management and private banking sectors.

First Sentier Investors appointed Sudip Hazra as director of the First Sentier MUFG Sustainable Investment Institute. Before joining the institute, Hazra was director of ESG Research for Invesco, where he led the implementation of a global Net Zero investment research framework. He is based in London. Prior to Invesco, he was head of ESG research and responsible investment at Kepler Cheuvreux.

Brisbane-headquartered Alvia Asset Partners appointed its first chief executive, Nathan Robertson, a former senior figure at UBS. Before UBS, Robertson worked at Colonial First State and Commonwealth Bank.

BNP Paribas named Lemuel Lee as head of wealth management for its Hong Kong site. Lee reports directly to Arnaud Tellier, wealth management Asia CEO, and reports functionally to Hugo Leung, CEO Hong Kong.  

With more than 15 years of extensive investment banking and wealth management experience, Lee joined BNP Paribas in 2017. He has worked with JP Morgan, Bear Stearns and Bank of America Merrill Lynch in capital market roles across Hong Kong, Japan, London and New York. 

Michael Yong-Haron, head of wealth management North Asia and Hong Kong CEO, left the group to pursue other professional opportunities. He had led the North Asia teams over the past two-and-half years. Ruth Chung, head of Taiwan and greater China Singapore reports hierarchically to Tellier. The future China market head also reports directly to Tellier.

The Hongkong and Shanghai Banking Corporation – HSBC – appointed longstanding KPMG figure Paul Jeremy Brough as an independent non-executive director. Brough worked at KPMG Hong Kong for almost 30 years and left the firm in 2012 as senior regional partner.
 
Deutsche Bank appointed former longstanding Credit Suisse figure Eleanor Lam as managing director and market head for Southeast Asia in the international private bank. Based in Singapore, Lam reports to Johanes Oeni, who is head of IPB, Southeast Asia. At Credit Suisse, Lam worked as a senior client partner in Singapore’s market. Before that, she worked for nine years at UBS. 

Hines, the global real estate investment, development, and property manager, appointed Tim Jowett as managing director, head of Asia research. He is based in Hong Kong, reporting to Josh Scoville, global head of research. Jowett has more than 20 years of experience in the real estate research and investment industry, of which almost 15 have focused on the Asia property markets. 

M&G Investments appointed Manabu Fujita as head of M&G Investments Japan. Fujita, who has more than 24 years’ experience in the Japanese financial services industry, was most recently at Schroders Investment Management (Japan), where he was head of sales.

Barclays Private Bank, part of UK-listed Barclays, made two senior hires in Singapore: Tom Road and Wengmun Loh. Both men moved from London. Road, appointed as deputy head, Barclays Private Bank, Singapore, reports to Evonne Tan, head of Barclays Private Bank, Singapore. Loh was appointed head of dealing and derivatives, Barclays Private Bank, Singapore. He has been with Barclays since 2008 and was most recently head of UK Direct Access for the private bank in London. 

Loh reports locally to Ken Sze, head of investments Asia and functionally to Aurelien Callegari, global co-head of capital markets and head of structured products.

Road, who has been at Barclays for 13 years, was previously a senior lawyer at Linklaters, specialising in M&A for real estate clients, ranging from sovereign wealth funds and listed property companies to private investors.

BNY Mellon named Winnie Chen as its Singapore chief executive. She replaced Francis Braeckevelt, who focuses now on leading international operations, including Latin America. Chen’s role added to her responsibilities as Asia Pacific head of treasury services. Chen has more than 20 years of experience working in the United States, Greater China and Singapore. Prior to joining BNY Mellon, Chen was at UOB, where she was the bank's group head for financial institutions sales for almost five years. 

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