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

Arcus Investment
Arcus, a UK-based specialist asset manager concentrating on Japan, has appointed Takaaki Haruki as head of its research office, based in Tokyo. Haruki is succeeding Peter Tasker, who will step down from the role at the end of this year after 27 years at the helm.

Tasker, who co-founded Arcus with Mark Pearson in 1998, will remain its strategist, providing investors with his distinctive macro-economic insights and long-term perspectives on Japan, the firm said in a statement.

Haruki, who has been at Arcus for over 20 years, is one of the firm’s most experienced analysts. 

Speaking of Tasker, Edward Cartwright, Group CEO, said: “Peter is one of the most authoritative voices on Japan’s economy and its equity markets. He will continue to share his perspectives with the investment team and our investors. Takaaki’s appointment is testament to his analytical ability, long-term commitment to the firm, and strong leadership credentials.” 

Arcus is a boutique fund manager, with offices across London, Tokyo and Kuala Lumpur, that employs a value-oriented approach, specialising solely in Japanese equities. 

Citigroup
Citigroup has appointed Chelsea Chu as head of corporate banking for Taiwan, based in Taipei. Chu has more than 26 years’ banking experience, having previously worked at ANZ in Taiwan, where she was head of corporate coverage.

The move is something of a return for Chu, who spent 20 years covering large corporate clients across industries in Taiwan at Citigroup.

Chu will be responsible for delivering the Citi platform across all client segments.

Given its one-bank business model, and the fact that the ultra-HNW clients of the private bank often have active operating business interests, the corporate banking arm is relevant to the wealth side of the US-listed organisation.