The latest moves in wealth management across Asia-Pacific.

Canaccord Genuity Wealth Management
Canaccord Genuity Wealth Management has named Nick Teo as business development director in Singapore.

Teo will work closely with Andy Finch, head of international sales at CGWM (UK) to develop and consolidate new and existing distribution opportunities in Singapore and see how to expand its offerings to more institutions and other intermediaries. Teo has worked in the financial services industry for over 15 years. Prior to joining CGWM (UK), he was the regional sales manager for Friends Provident and before that, sales manager for AXA.

Xen
A former chief investment officer for the Hong Kong Monetary Authority, the jurisdiction’s de facto central bank and regulator has jumped into the world of crypto-currencies and related technology. Yong Hak Huh has joined the board of advisors for Xen Technologies.

Xen, as it is known, is a platform driven by blockchain, the distributed ledger technology associated most famously with crypto-currency Bitcoin. The Xen platform tokenises alternative investments, such as private equity, to make them more liquid and also make them more widely available to affluent investors.

He brings more than three decades of experience in the investment and merger and acquisition advisory space. He had been CIO of private markets at the HKMA, managing a $25 billion alternative asset portfolio. Huh also founded and was chief executive of First Bridge Strategy, an advisor to alternative investment programmes for financial organisations. He started his career with JP Morgan in 1985.

Xen, founded last year, says it intends to launch its platform in March to globally accredited investors that pass anti-money laundering and know-your-client requirements.