The latest senior moves in the Asia-Pacific wealth management market.

Citi Private Bank
Citi Private Bank has appointed Chia Pei Jet as managing director and investment counselor team lead for the Singapore and Malaysia ultra-high net worth business.

Based in Singapore, Chia Pei Jet, who is a CFA Charterholder, will partner closely with Citi Private Bank chairman and South Asia head Lee Lung-Nien to help expand the bank’s UHNW footprint in Singapore and Malaysia.

Chia Pei Jet is joining from JP Morgan Private Bank, where she served as global investment specialist and team lead for the Indonesia market for more than 20 years. 

Prior to her tenure at JP Morgan, she worked at Goldman Sachs, DBS and Maybank.

PGIM Real Estate
PGIM Real Estate has appointed Matthew Yao, formerly of CBRE Global Investors, as head of China. In this new role, Yao will oversee the Shanghai-based investment team which supports the deployment of PGIM Real Estate’s pan-Asian investment funds in China.

The business, which is the real estate arm of PGIM, is the $1.5 trillion investment management businesses of US-listed Prudential Financial. PGIM Real Estate has put money to work in China since 1999.

At CBRE Global Investors, Yao he headed the firm’s business in China.

“China has always been an important market within our regional strategy, and we expect to expand our investment activity as well as grow our capital relationships there. We see strong potential in the Chinese economy’s growth, as it contributes increasingly to a major portion of the global economy and investment-grade real estate pie,” Benett Theseira, PGIM Real Estate’s head of Asia-Pacific, said.