The latest moves, appointments and personnel changes in the Asia-Pacific wealth management market.

Vistra
Vistra, a provider of business solutions supporting investment and compliance, has appointed Karen Bennett (main picture) as its new chief delivery officer (CDO). She is based in the Greater Sydney area, according to her LinkedIn profile.

Bennett joined Vistra in 2024 following the firm’s merger with Tricor, reporting to chief executive officer Kim Jenkins. In her new role as CDO and a member of the executive committee, she will lead Vistra’s global delivery organisation, driving operational transformation, productivity, and the firm’s wider delivery agenda.

“As a high-impact transformation and operational excellence leader, Karen has played a pivotal role at Tricor and Vistra,” Jenkins said in a statement. “She established intelligent automation, process excellence, and quality functions and delivered projects that simplify ways of working and add tangible value. As we carry out our strategy, Karen’s leadership of our global delivery organisation will be key to our success.”

Before joining Vistra, she was part of the transformation office at LRQA, where she helped shape and implement post-acquisition strategy following its sale to Goldman Sachs Asset Management.

Earlier in her career, Bennett held senior positions at SAI Global, including head of technology and transformation in the Assurance division. She was also a member of the deal team during the sale of the Assurance business from BPEA to Intertek.

Bennett holds a bachelor of business management from Victoria University, Australia.

UBS
UBS has appointed Oliver Bareau as market team head within its newly-established Australia international team, based in Singapore, according to a memo seen by this publication. He reports to Dominique Boer, head of UBS Wealth Management Private Wealth and Australia International.

Bareau brings more than two decades of wealth management experience across global financial centres. He began his career with J P Morgan Private Bank in New York in 2004, initially serving C-suite clients before moving to a team focused on hedge fund principals and Wall Street executives. In 2011, he relocated to Singapore to help build JP Morgan’s non-resident Indian (NRI) business across Asia and the Middle East. He returned to New York in 2015 as a senior banker in the Financial Sponsors market, serving founding partners of private equity firms and their funds.

In 2019, Bareau moved back to Singapore to lead the build-out of JP Morgan’s Australia market, which tripled in size under his leadership, UBS said in a statement. Most recently, he was head of APAC distribution at Bridgewater Associates, where he served wealth management firms and large family offices.

Following the acquisition of Credit Suisse, UBS integrated the Credit Suisse domestic wealth management business into its platform. This included the launch of the Global Family and Institutional Wealth (GFIW) coverage model in Australia, which offers ultra-high net worth and family office clients direct access to UBS’s global investment banking capabilities.

The Australia international team, launched in 2024 and based in Singapore, is designed to serve globally mobile Australian clients regardless of their location. It complements UBS’s domestic wealth business, creating a dual approach to serving clients both onshore and offshore. The onshore and international teams are led by Michael Marr and Dominique Boer, respectively.

“Australia plays a key role in our growth strategy for UBS, particularly in South Asia Pacific,” the firm said in a statement. “The establishment of the Australia International desk aligns with our global connectivity strategy and multi-shoring network â€“ bringing Australian clients to the world and the world to Australia.”

Natixis CIB
Natixis Corporate & Investment Banking has appointed Thaddeus Tien as co-head of energy transition and natural resources, Asia-Pacific, and Omkar Joshi as head of the healthcare industry group, Asia-Pacific. Both are based in Singapore.

Tien will work alongside Aaron Fleming in co-leading the energy transition and natural resources (ETNR) franchise for Asia-Pacific. He reports to Sanjeev Kumar, senior country manager for Singapore and head of South East and South Asia; Aurélien Lasjunies, head of coverage for Asia-Pacific; and Raghu Narain, head of investment banking for Asia-Pacific.

He brings more than 19 years of experience in investment banking with a focus on power, utilities, and infrastructure (PUI) across Asia-Pacific. Prior to joining Natixis CIB, Tien was head of PUI, Asia-Pacific investment banking at Barclays Capital. He has also worked at CIMB Securities and RBS.

Joshi will be responsible for originating and executing healthcare-related investment banking and M&A mandates. He will also collaborate with product teams to deepen strategic client relationships in the Asia-Pacific healthcare sector. He reports to Kumar, Lasjunies, Narain, and Antonin Rigaudière, global head of healthcare.

With more than 15 years of experience in corporate finance, M&A, and business development across the region, Joshi previously served as head of healthcare and consumer sector coverage at MUFG Bank.