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

Saxo Bank
Saxo Capital Markets HK Limited, part of Saxo Bank, has appointed financial industry figure Sean Ma as head of Saxo Institutional with a remit to increase the institutional offering across the Greater China region.

Prior to joining Saxo, Ma was with top financial institutions in the securities and futures industry and fintech-related sectors, Saxo said in a statement, although it did not identify the firms by name. Ma, who has more than a decade’s experience of working senior management roles, was a founding member two Hong Kong licensed firms. His time is divided between working in Hong Kong and mainland China.

Saxo Institutional covers both wholesale client and direct client businesses. Wholesale clients, who are typically banks, brokers, wealth managers and fintech firms worldwide, have been using its Business-as-a-service offering since 2001. 

Elsewhere, Saxo’s B2B offering provides prime brokerage and execution services to hedge funds, family offices, prop traders, and corporate hedgers. 

abrdn
abrdn, formerly Standard Life Aberdeen, has appointed Raf Choudhury as investment director on the Asia-Pacific multi-asset investment solutions (MAIS) team.

In the newly-created position, Choudhury will play a leading role in managing abrdn’s Australian multi-asset funds and its growing managed accounts capability, the firm said. He reports to Irene Goh, head of MAIS – Asia Pacific, and will be a member of abrdn’s Asia-Pacific and Global MAIS teams.

Choudhury was formerly at State Street Global Advisors where he served in a range of portfolio manager roles over a 17-year period in both the UK and Australia. Most recently he was State Street’s head of Investment Strategy & Research – Australia. 

He will be based in Sydney.