Who's Moving Where In Wealth Management? - ING, Manulife, Crestbridge

Editorial Staff

15 January 2021

ING
The head of sustainable finance for the Asia-Pacific region at Netherlands-listed banking group , Herry Cho, is leaving the firm in February to pursue a new opportunity. ING said it will announce a successor in due course.

ING launched its sustainable finance franchise in Asia in 2017 with Cho’s guidance.

Among the deals carried out was the $65 million revolving facility for Singapore-based private equity fund Quadria Capital in 2019. This was the world’s first sustainability improvement fund financing for private equity, ING said. The bank also acted as a mandated lead arranger and joint green loan coordinator in the S$1.2 billion ($904 million) refinancing term loan secured by Frasers Tower, which was the first syndicated green loan in Southeast Asia under the Green Loan Principles.

Manulife
, which provides private equity and real estate administration solutions, has appointed Alex Di Santo as group head of private equity.

Di Santo is responsible for developing and carrying out Crestbridge’s private equity fund services strategy. He will have additional responsibilities in raising the business’ profile in the private equity fund services space. Based in Jersey, Di Santo brings with him over 17 years’ experience in the financial services industry, of which 14 years have been focused on private capital fund administration.

Additionally, Michael Johnson will become group head of institutional services, leading the business’s private equity services, real estate services, management company services, corporate services and governance services teams.

Crestbridge has offices in Bahrain, Cayman, Jersey, London, Luxembourg, New Jersey and New York.