A roundup of the moves in the Asia-Pacific industry for September.
Pictet appointed Victor Aerni – who is head of its wealth business in the German-speaking part of Switzerland – as the CEO for its wealth arm in Asia. The appointment will take effect from 1 July 2023.
Tee Fong Seng, who leads Pictet Wealth Management Asia, is remaining on the board of directors of Bank Pictet & Cie (Asia) Ltd (BPCAL), Pictet Group’s Singapore banking entity, as vice chairman of the board, reporting to François Pictet, managing partner of the Pictet Group and chairman of the board.
Evelyn Yeo, head of Asia investments, was appointed deputy CEO, BPCAL to support Sharon Chou (head of South Asia and CEO BPCAL). Based in Singapore, Yeo is continuing as head of Asia investments. She has more than 20 years of industry experience in leadership covering investment office, mandate consulting and sales management with Julius Baer and UBS, before joining Pictet in 2019.
Aerni is an equity partner of the Pictet Group and has been the zone head responsible for German-speaking Switzerland since April 2009. Prior to joining the firm, Aerni was with the Boston Consulting Group for 16 years.
A 30-year private banking industry veteran, Tee Fong Seng has led the wealth management business of Pictet in Asia since July 2019.
Natixis Investment Managers appointed former Franklin Templeton figure Dora Seow as CEO for its business in Singapore. Seow is based in Singapore and reports to Fabrice Chemouny, head of Asia-Pacific. Seow succeeded Madeline Ho who left the firm to pursue other opportunities. At Franklin Templeton, Seow worked for more than 20 years in a variety of roles, most recently as country head for Singapore.
UBS welcomed Sheryl Fofaria back to its fold as its new head of social impact and philanthropy for Southeast Asia. Fofaria has 18 years of experience spanning philanthropy and finance. Prior to joining UBS, she led JP Morgan’s Philanthropy Centre in Europe, the Middle East & Africa, advising wealth management clients on using philanthropy strategically to address social and environmental issues. Forfaria, who is based in Singapore, reports directly to Tom Hall, UBS global head social impact and philanthropy. For local supervision, she reports to Dino Rinaldi, co-head APAC A&S and client services.
First Sentier Investors appointed Miranda Poon as director, institutional business, in the North Asia distribution team. Based in Hong Kong, Poon reports to Lauren Prendiville, managing director and head of distribution, Asia.
Indosuez Wealth Management appointed Ong Yeng Fang as South-East Asia global market head and Rosemarie Chong as UHNWI and Wealth Partnership market head, both based in its Singapore branch. Yeng Fang, who has regional experience in wealth management, business development, corporate and strategic planning, leads the South-East Asia market. Prior to joining Indosuez, she was managing director and head of UOB Private Bank for eight years.
Chong heads the newly-established Ultra High Net Worth Individuals & Wealth Partnership team in partnership with Edward Hsu, managing director at Indosuez, Singapore. Before Indosuez, she was managing director of BCV Investment Asia, a Singapore-based Swiss fund management institution with core businesses in private wealth and asset management.
The Financial Markets Authority in New Zealand made a number of leadership changes:
-- Liam Mason, who is continuing as general counsel, was
appointed as executive director, evaluation and
-- Paul Gregory was appointed to the role of ED, response and enforcement, and Clare Bolingford was appointed as ED, regulatory delivery;
-- James Greig (director of supervision) is supporting his current team in the transition to the FMA’s new structure;
-- Brad Edley, who has been chief operating officer at the FMA for six years, left the organisation; and
-- John Boticas is serving as interim COO in addition to his current role.
HSBC Global Private Banking appointed Sharnika Silva as head of Trust and Fiduciary Services, Southeast Asia. Silva reports to Brent York, global head of TFS, on a functional basis, and to Philip Kunz, head of GPB South Asia, on an entity basis. She is based in Singapore and has worked at HSBC Trustee for more than 15 years. She held a number of leadership posts, most recently as a Trust Relationship Management team head, in addition to her role as resident manager and director of HSBC Trustee since 2017.
Citigroup appointed Aditya Sharma as Asia head of custody
following the move of Aashish Mishra to become the Asia TTS
[treasury and trade solutions] financial institutions sales head
earlier this year. Prior to this, Sharma was head of securities
services for South Asia (India, Sri Lanka and Bangladesh), which
he managed for the last four years. He has worked at the US
bank for 19 years in a variety of roles.