Summary Of Asia-Pacific Executive Moves - August 2020

Editorial Staff

12 October 2020

Standard Chartered's Southeast Asia Private Banking business added two bankers. Kapil Poply joined as managing director and senior client partner in the Global South Asia Community (GSAC) division. Poply was most recently senior team head at UOB Private Bank. His focus has been on growing the UHNW/HNW segment. Poply has worked with ANZ, ING, UBS and Citi.

Another mover from UOB, where he was a senior client advisor, was Gaurav Gupta, who joined as executive director and relationship manager. Prior to moving to Singapore, he worked for HSBC and ING in India and has also spent time at ANZ. Both are based in Singapore and report to Ravi Ramakrishnan, MD and market head for GSAC.

Standard Chartered Private Bank appointed Adeline Lai as executive director, based in Singapore. Lai reports to Gavin Chia, market head for Southeast Asia, private banking. With 30 years of experience in banking and wealth management, Lai was most recently a senior director at HSBC. Prior to that, Lai was a team lead at DBS and also had various senior roles in UBS and Citigroup.

Offshore law firm Carey Olsen appointed Yan Chng as an associate in the firm's litigation, insolvency and restructuring practice in Singapore.

Chng is experienced in advising and acting for listed corporations, individuals, directors, shareholders and liquidators in complex commercial litigation and arbitration proceedings involving breach of fiduciary duties, misappropriation, conspiracy, trust disputes, minority oppression and unfair preference claims. She was admitted as an advocate and solicitor of the Supreme Court of Singapore in 2016.

RBC Wealth Management appointed Jason Tong to join its private banking team in Singapore as executive director. Tong reports to Michael Reed, head of RBC Wealth Management, South East Asia. He is responsible for providing trusted advice and wealth management solutions to Singaporean and Chinese clients and families with global ties, especially to Canada, the US and the UK, a segment that RBC refers to as Asia’s global families. Before this, Tong worked at Bank Pictet & Cie (Asia) where he was a senior banker overseeing client relationships focused on China markets. Prior to this, he spent 12 years with OCBC Private Bank/Bank of Singapore.

HSBC Private Banking in Singapore appointed two senior figures. It named Ken Ng as market head for Singapore and Gary Goh as market head for Malaysia. Ng, who has been with HSBC since 1995, joined HSBC Private Banking in 2014. Goh joined HSBC in 2019. He has worked in financial markets for 23 years. Earlier, he was hired as a desk head with HSBC's Singapore team. Most recently, he was market head with Standard Chartered.

Australia-based investment group AMP announced that its Australia chief executive, Alex Wade, had left the firm “with immediate effect”, having been replaced by Blair Vernon, CEO of New Zealand Wealth Management (NZWM), on an acting basis. Jeff Ruscoe replaced Vernon as acting chief executive, NZWM. Wade was appointed in late 2018. Both he and De Ferrari had worked together at Credit Suisse.

Raffles Family Office named Edward Sit as executive drector and Greater China corporate development head. Sit, who divides his time between Hong Kong and mainland China, previously worked at Hong Kong Exchange & Clearning, where he was vice president in charge of its global client development area.

The recently spun-off active asset house Ninety One moved Alan Siow, portfolio manager in the London fixed-income team, to Hong Kong to head up its emerging markets approach for retail and institutional clients in the region.

Siow joined the business from BlueBay Asset Management, where he specialised in emerging markets and fixed income investment. He held similar responsibilities at Alchemy Special Situations and Citigroup Salomon Smith Barney.