People Moves
Nomura's Deputy Wealth Head For Asia Ex-Japan Departs

A high-profile female wealth management executive working out of Singapore has left her firm.
This publication can confirm that Amanda Chen, who has been deputy head of wealth management at Nomura for Asia ex-Japan for almost the past two years, left the bank today. She had reported into Nobuhiro Sano, head of wealth management, Asia ex-Japan, who remains with the bank.
Chen, who had been brought in by the Japanese banking giant from Morgan Stanley, took up the role in January 2015. At Morgan Stanley, she was most recently managing director, private wealth management; she had been at the US firm from 2002 to September 2014, holding a variety of roles in Singapore and Hong Kong.
As part of the change, Johnny Heng, who has been chief investment officer for wealth management in Asia ex-Japan, is taking the role of head of relationship management at the wealth unit, and Shinichi Tamai, chief financial officer, will take on additional responsibilities as chief of staff, wealth management, Asia ex-Japan, this publication understands. There will be no direct replacement for Chen, and Heng will report to Sano.
Heng’s old CIO role is being split, with Vincent Ng working as joint-CIO from Hong Kong, and Tong Yew Sng as joint-CIO in Singapore.