People Moves
Asia-Pacific Executive Moves - April 2011
April was a relatively busy month for the Asia Pacific region.
The Financial Services Council selected ANZ Wealth managing
director John Van Der Wielen as the newest member of its board.
Van Der Wielen
joined 12 other members, including BT Financial chief executive
Brad Cooper and
AMP Financial Services managing director Craig Meller.
Lowenhaupt Global Advisors Australia, a family office, named
Sean Cortis as chief executive officer. Cortis used to be the
chief operating
officer of LGA Australia and has 25 years of wealth management
experience
behind him.
Citigroup appointed former UBS executive Jeff Emmanuel to
lead its Asia-Pacific financial institutions group as managing
director, and
the Australia and New Zealand
global banking unit as vice chairman. Emmanuel previously served
as managing
director at UBS' financial institutions group in Hong Kong.
Zurich Financial Services Australia appointed Scott Watters
as chief information officer. Watters takes over from Bobby
Lehane, who was
recently promoted to chief operating officer for the company's
Asia-Pacific
general insurance division. Prior to joining Zurich
Australia
in 2008, he served as head of fixed income, currency, and
commodities
technology at Citi.
Threadneedle appointed three new senior sales directors as
part of the asset management firm’s global expansion plans.
Gerard Clancy,
Richmond Herrera and Kent Ng will work with global private banks
in Asia, as well as local financial institutions. They
report to Michael Langlois, head of wholesale distribution in
Asia Pacific.
Clancy, based in Singapore,
joins from BlackRock; Herrera, previously worked for Standard
Chartered, and
Ng, based in Hong Kong, previously worked at
Merrill Lynch Global Wealth Management.
Swiss private bank Clariden Leu strengthened its Greater
China presence with four appointments: Harvey Li, Cassandra Chen,
Leanna Chan,
and Connie Chan.
Kenneth Kwok left Deutsche Bank to join UBS. He will report
to Alex Wilmot-Sitwell and Chi-Won Yoon, who share the chairman
and chief
executive role for Asia-Pacific.
Barclays Wealth named Pakorn Boonyakurkul as managing
director and head of North Asia. Boonyakurkul
most recently served as managing director at HSBC Private Bank.
Royal Bank of Scotland
appointed Sherry Liu from JP Morgan as chairman and chief
executive officer of
the bank in China.
Liu, previously chairman of China Financial Institutions at JP
Morgan, is
responsible for overseeing and driving the bank’s business
strategy in China and its
various joint ventures.
DB Private Equity, the private equity investment management
unit of Deutsche Bank, made a number of appointments. Head of the
North Asia
business is now Dongbai Wang, who came from Adams Street Partners
in Singapore. Wang
works alongside Alexis von Dziembowski, who was recently
appointed to head the
South and South East Asia coverage. The team
is led by Peter Pfister, who has covered the Asia Pacific region
since 2005.
Barclays Wealth appointed Pakorn Boonyakurkul as managing
director, head of North Asia joining HSBC
Private Bank. Boonyakurkul leads the bankers based in Hong Kong,
focusing on
the wealth management business across Greater China and North
Asia.
Equity Trust appointed Johnson Har as regional sales and
marketing executive for Custom House, its fund services arm based
in Hong Kong. Har held several roles specialising in funds
for the past four years and most recently served as analyst for
the Newedge
Group, also in Hong Kong.
Baring Asset Management hired Thomas Kwan to lead its Asian
debt investments unit. Kwan joined from ICBC Credit Suisse, where
he handled
global macro research and asset allocation strategies.
The Royal Bank of Scotland
hired Sherry Liu as chairman and chief executive officer of RBS
in China. Liu
joined from JP Morgan Chase, where she was chairman for China
financial institutions and vice chairman
for China.
The Royal Bank of Scotland Group named Devesh Kumar to the
newly created role of head of equities for India. Kumar brings
over 20 years
of banking experience to this new post, having worked for the
likes of ICICI
Securities, ABN Amro, Daewoo Finance India, and Unit Trust of
India.
Morgan Stanley opened a private wealth management branch in
Chennai, its second location in South India.
Previously, the firm’s PWM business in Chennai has been managed
from Bangalore.
HSBC Private Bank brought in two senior executives for its
Asian business. Heading the South Asia
investment group of the private bank is William Lawton, who
brings more than 20
years of investment experience to the role. Hepreviously worked
at various
companies in London, New
York, Switzerland,
and Singapore,
including RBS Coutts and Standard Chartered Bank. It also hired
Jeffrey
Benjamin, named managing director of the international private
wealth team,
responsible for relationship management functions for non-Asian
resident
clients. Prior to this position, he spent 11 years at Investec in
London and has also served at Merrill Lynch and Credit
Suisse in Singapore
before that.
RBS Coutts appointed the head of its newly created advisory
group for family businesses and related matters in Asia.
Dr Roger Low was named as head of the Coutts Institute in
Asia.
The Coutts Institute assists and advises clients on family
business,
philanthropy and next-generation matters. Dr Low spent close to
20 years
working in family businesses. Prior to joining Coutts, he taught
Family
Business and Entrepreneurial Management at the Singapore
Management
University.
Belinda Lee, meanwhile joined the bank as head of strategy,
Asia, based in Hong Kong. She was previously
head of strategy, Asia Pacific at UBS, having spent five years in
the group
strategy function.