April Moves In Asian Wealth Management

French bank BNP Paribas Wealth Management announced new appointments calibrating existing management resources as it seeks to firm up the focus on its Asian strategy.

Arnaud Tellier was named head of investment services, Asia Pacific, and will be based in Singapore. Stephanie Lair is now the new head of Singapore, Indonesia and Malaysian markets.

Taking on an additional role as chief executive officer for wealth, while retaining his role as chief operating officer (COO) for BNP Paribas Wealth Management in Asia Pacific is Ernest Leung.

Baring Asset Management with offices in Hong Kong, Tokyo, Seoul and Taiwan have appointed Edmund Chong in the role of head of sales, client service and business development – distribution, Asia excluding Japan.

Experienced private banker Harjeet Singh, an NRI specialist, has reportedly departed the Capital Tower offices of JP Morgan Private Bank in Singapore.

Grosvenor, the privately owned international property group, has appointed former UBS executive, Benjamin Cha, as Asia-Pacific chief executive, the group’s Asia-based proprietary arm.  Prior to joining Grosvenor, Cha worked at UBS Global Asset Management as managing director, head of global real estate for greater China.

2014 marked Grosvenor’s 20th anniversary operating in the Asia Pacific region and saw the launch of a new residential development partnership in Japan. Highlights of the last twenty years include the completion of award-winning luxury residential developments with local partners in Hong Kong (Grosvenor Place, Repulse Bay; The Westminster Terrace, Hong Kong) and Tokyo (Grosvenor Place, Kamizono-cho, Tokyo as well as joint ventures with institutional investors, sovereign wealth funds and family offices.

Bordier & Cie the Swiss boutique private bank appointed Bryan Goh from DBS Private Bank to a new role as its Singapore-based chief investment officer. Goh will take up the new role early next month.

Global fund administration specialists Apex Fund Services hired Ashmita Chhabra as managing director of business development for Asia Pacific. Chhabra will be based in Singapore.

David Loo has been hired for a new role as head of private clients for North Asia with Swiss bank Lombard Odier. Loo will be based in Hong Kong and report to Asia Pacific private banking head Vincent Magnenat.

Leaving Asia for New York is Stephen Bird the head of Citigroup Asia Pacific. Bird will take up the role as global head of the consumer banking division. Another Citi move sees Batara Sianturi appointed as head of Indonesia for Citigroup. Sianturi is currently CEO for Citi Philippines and Regional Head for Citi Philippines and Guam.

In Hong Kong UBS lost the services of Harry Pang, a team leader and one of the bank's UHNW China teams. Pang was a managing director. Also in Hong Kong Credit Suisse are said to be losing the services of popular Chief Investment Officer Fan Cheuk Wan. The popular CIO who is a regular across the Asian media is believed to be leaving the Swiss bank in June this year.

Parminder Soin will take up a new role in Singapore with Swiss pure play private bank Julius Baer. Soin will become a market head for the sub continent and NRI business. He moves from UBS Singapore.

Jack Howell has been appointed as the new regional officer for Asia at the Generali Group. Howell will be responsible for Generali Asia’s insurance operations and will drive the firm’s growth plans in Asia, covering the life, property and casualty businesses.

The world’s largest asset manager BlackRock has appointed Yoshiyuki Izawa as chairman, representative director and country head of Japan. Izawa is the former CEO of Japan Post Bank.

Down under Grant Hassell has been appointed as the new managing director for New Zealand, at AMP Capital.


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