The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

PGIM
PGIM has appointed David Fassbender as head of Asia-Pacific for its real estate business, effective 1 July, based in Tokyo.

Fassbender is succeeding Benett Theseira, who will be retiring following a 36-year career in real estate, including 15 years at PGIM. 

Simmons & Simmons
International law firm Simmons & Simmons has hired partner Chris Studebaker for its dispute resolution practice in Asia. 

Subject to regulatory approvals, Studebaker will lead the Japan disputes resolution initiative, operating in the firm’s Tokyo office, the firm said in a statement this week. 

Studebaker is joining from IBM Japan where he was a general counsel. Qualified in New York and Washington, and fluent in both English and Japanese, he also brings nearly 20 years’ experience in private practice in New York and Tokyo, where he was a partner, leading complex disputes for multinational corporations across the US and Asia-Pacific.

SCBX, Siam Commercial Bank
Thailand’s SCBX Group, which has a joint venture with Switzerland’s Julius Baer, said yesterday that it has appointed Sarut Ruttanaporn as new CEO of Siam Commercial Bank. He will be taking up the reins on 1 May.

The change comes after the group announced that Kris Chantanotoke will be finishing his contract term and will not pursue renewal. 

Sarut has more than 30 years of experience in the financial services industry, covering money markets, capital markets, retail banking, and corporate banking. 

“His strong track record across multiple business segments makes him well-equipped to lead Siam Commercial Bank through this important transition and drive the bank forward in alignment with SCBX Group’s long-term strategic direction,” Arthid Nanthawithaya, Ceo of SCB X Public Company, said. 

Sarut holds an MBA from Sasin Graduate Institute of Business Administration and a bachelor’s degree in economics from Boston University.