Shih has solid global and Asia investment experience and will be a portfolio manager with a focus on Asia. 

Training The Street, an organisation running training programmes for business schools and top-tier banks, appointed Ankur Mittal as head of Asia and the Middle East region. Mittal, who joined Training The Street in 2009, is involved in expanding its Asia and Middle East businesses. He is based in India and has led seminars in the regions including mainland China, Hong Kong, Japan, Singapore, India, Abu Dhabi, Dubai, Qatar, Saudi Arabia, and Nigeria. He has also led seminars in Austria, the UK and the US. 

Leonteq, an independent technology and service provider for the investment sector, appointed Agnes Shea as co-head of private banking sales, with a remit to target the Asia market. Shea works with Chinmay Patil to expand Leonteq’s presence in Asia. Prior to joining Leonteq, Shea worked at HSBC as head of structured products and brokerage for Asia. Her previous experience also includes positions at BBVA, Citi and KNC Financial Products. Shea is based in Hong Kong and reports to Jeremy Ng, chief executive of Asia.

Allfunds appointed Tuck Meng Yee as head of investment solutions for Asia. He is based in Singapore, reporting to Alexis Fosler, regional manager for Asia at the firm. Tuck Meng Yee has 20 years of experience in the funds and structured product management industry. Previously, he was senior vice president, alternatives, for Asia-Pacific at Citi Global Wealth Management. He also spent three years leading investment strategy, due diligence and execution as chief operating officer and co-chief investment officer for the Malaysian family office, JRT Partners. And in another role, he was director and head of Asia ex Japan/Korea at Moore Management.

A former top banker at UBS, Eric Kang, became vice-chairman for private banking in Southeast Asia at rival Credit Suisse. Kang is based in Singapore and reports to Benjamin Cavalli, head of private banking for South Asia and chief executive for Singapore. A figure with almost four decades in the banking sector, Kang was most recently part of the global family office operation at UBS Wealth Management where he worked for almost five years. Before that, he covered Southeast Asia clients at Morgan Stanley Private Wealth Management. Kang has also held several senior positions in fixed income sales and trading at various international banks in Singapore, London and Tokyo, including Credit Suisse First Boston where he managed a fixed income and forex sales and trading team for seven years.

Covenant Capital, an Asian-based wealth management firm, appointed Tshua Ngee as its fixed income head, and added a trio of relationship managers. Tshua Ngee is responsible for leading all investment research and portfolio management in fixed income, and works with Edward Lim, chief investment officer. With over 25 years of experience in the financial industry, Tshua Ngee previously worked at Bank of Singapore where he was senior advisor and analyst covering Asian corporate credit and high yield bonds.

The US-listed investments powerhouse KKR named Sumanth Cidambi and Vijay Padmanabhan as directors for its credit business in India. With nearly two and a half decades of diversified industrial experience, Sumanth Cidambi previously worked extensively with corporate boards and senior management teams in Asia, Europe and the US. He works with KKR’s credit portfolio companies in India. Vijay Padmanabhan has worked in credit underwriting and distress investing in the UK and India, including Old Lane, Fidelity Investments, SBI Funds Management, PricewaterhouseCoopers, and Edelweiss Alternative Asset Advisors.

AMP appointed Alex Wade to join its group leadership team as group executive for advice, having previously worked at Credit Suisse. Wade reports to AMP chief executive Francesco de Ferrari, the former Credit Suisse private banking chief in Asia who went across to AMP a few weeks ago. Wade took over from Jack Regan, who retired from AMP after nearly 20 years at the firm. 

David Akers, was AMP’s acting group executive for advice while Regan was on extended leave. Akers returned to the advice leadership team. Blair Vernon continued as managing director of New Zealand. Most recently, Wade was head of developed and emerging Asia for Credit Suisse Private Banking. Wade has been with Credit Suisse for 12 years, having other roles such as chief of staff for Asia-Pacific and head of private banking for Australia. He is experienced in financial services in Australia, Singapore and Hong Kong. De Ferrari, who had been at Credit Suisse for 17 years, and was head of private banking for Asia-Pacific and chief executive for Southeast Asia and frontier markets, joined AMP in August. De Ferrari succeeded Mike Wilkins, who served as interim CEO from April 2018.

David Lim, who was made vice chairman of private banking for Southeast Asia at Credit Suisse as recently as May 2018, resigned from the post. Lim, a veteran of the industry, was most recently vice chairman Southeast Asia at Swiss rival Julius Baer in Singapore.

RBC Wealth Management in Asia appointed Terence Chow as chief operating officer. The post was a reconfigured one rather than a direct replacement for a predecessor. Chow reports to Peter Corry, head of Wealth Management Asia. The following individuals report to Chow: Chen Yang, head of business strategy; Hwee Leng Tay, head of business operational governance and advisory; Noreen Devine, head of WM Operations, Singapore and Hong Kong, and Ben Willis, head of trust administration.

Citi Private Bank named Varun Chugh as the global market manager for the Global India business and Puneet Sanwalka as the head of the India onshore business. Both individuals replaced predecessors. Chugh replaces Debashish Dutta Gupta while Sanwalka replaced Sameer Kaul. Varun Chugh reports to Jyrki Rauhio, South Asia head for Citi Private Bank, and is responsible for leading the private bank’s offshore and onshore India businesses. Puneet Sanwalka, based in Mumbai, reports to Varun Chugh and Pramit Jhaveri, CEO of Citi India. He was previously a director of investment finance with the business.

H2O Asset Management - an affiliate of Natixis Investment Managers  - opened its first Asia office in Singapore and launched a wholly-owned subsidiary, H2O Asset Management Asia Pte. As part of the move, Philip Chow became chief executive of the subsidiary and reports to Vincent Chailley for investment purposes and leads the Singapore office.

Singapore-based technology and innovation club SPECTRUM named an international chief executive, Chris McPherson. McPherson has held senior positions in Asia including positions at Condeco, Intel, Raritan Asia Pacific, and LenovoEMC (previously Iomega).

HSBC named Neo Wang and Rannie Lee as Guangdong senior managers. Wang is head of Guangdong commercial banking and Lee is head of Pearl River Delta retail banking and wealth management. Both report to David Liao, president and CEO of HSBC China. They also continue to lead HSBC’s commercial and retail banking, and wealth management businesses in the region.