Professionals Who Left Private Banking in 2016

In 2016, some of the top professionals chose to leave Private Banking. We look at 5 of the top professionals who left Private Banking in 2016:

Here are five professionals that have left Private Banking in 2016.

Nick Pollard – Coutts Sale Sparks Key Departure

Pollard decided to leave banking in 2016, as finews.asia also reported. After spending almost 12 years in Coutts, including holding key appointments as CEO Asia and Managing Director of International Learning and Professional Development, he left banking to join CFA Institute.

He assumed the role of Managing Director, Asia-Pacfic and will be spearheading growth in the region. Globally, CFA has more than 120,000 holders while the CFA Institute Societies in Asia have more than 23,000 members.

Nick Pollard’s Career:

MD International Learning & Professional Development, Coutts International
Chief Executive Officier Coutts Asia, RBS
Chief Executive Officer Asia, Coutts Bank
Managing Director, Coutts & Co

Wendy Sim – Quits HSBC Private Bank after 12 Years

In 2016, Sim left Private Banking, as finews.asia also reported. She held many senior appointments in HSBC Private Banking over the last 12 years and is one of the industry top leader in Family Wealth, Wealth Structuring and Trust.

In October 2016, she joined Zedra as Managing Director. In 2016, Zedra, a corporate, trust and fund services provider had also acquired Barclays Trust business.

Wendy’s Career in HSBC Private Bank

Head of Family Governance & Family Enterprise Succession South Asia
Head of Legacy Wealth Structuring
Head of Trust Relationship Management
Head of Wealth Planning

Aseem Arora – Bank of Singapore Loses a Gem

In 2016, it was confirmed Arora left banking for good after leaving Bank of Singapore – one of Asia’s fastest growing Private Bank. With an influential global career in Banking & Wealth Management, Aseem Arora had shaped many new market entry and growth for Citibank, Merrill Lynch and Bank of Singapore, notably in the NRI, Middle East and Asia-Pacific region.

In August 2016, Silverdale Capital, the Fund Manager of award winning Silverdale Bond Fund announced the appointment of Aseem Arora as President of Silverdale Capital.

Aseem Arora’s Career:

Managing Director & Head-Strategic Initiatives & New Markets, Bank of Singapore
Managing Director & Global Head, NRI Markets, Merrill Lynch
Area Director, Asia Pacific, NRI Business, Citibank
Vice President & Relationship Manager, BNP Paribas Private Banking

Alexander Classen – The Queens’ Bank Loses a Prince

Classen left banking after more than 21 years of distinguished senior management career in the world’s top global banks, including Pictet, Goldman Sachs, Morgan Stanley and Coutts International.

In 2016, he joined Bedrock as Managing Partner, a boutique investment and advisory firm in Switzerland, as finews.asia also reported.

Alexander Classen’s Career:

CEO, Coutts International
Head PWM EMEA, Morgan Stanley
General Manager, Goldman Sachs
General Manager Asia-Pacific, Pictet

The Eminent Trio from UBS Departs

Valerie Chou, Peter Tung, Johan Riddergard (left to right)

On 11 November 2016, perhaps the highest profile exit in 2016 from UBS Asia-Pacific becomes publicly known. Top UBS Wealth Management bankers, Peter Tung, Valerie Chou and Johan Riddergard departs.

Together, they founded Lioncrest Global, a privately-owned and independent boutique firm, that focuses on serving select institutions, family offices and high-net-worth families and individuals, as finews.asia also reported.

Their illustrious background, wealth of experience and the professional setup of Lioncrest Global, sets the gold standard for Wealth Managers and Investment Managers in the wealth advisory business in Asia.

Peter Tung’s Career: