Sehgal, who left her role at the Swiss private bank last September, had been there for less than a year, according to her Linkedin profile. Before that, she worked at BNP Paribas for 21 years, also in Singapore. Prior to that, she worked for eight years at Citigroup in Singapore and New York.

Shilpi Chowdhary is chief executive of Lighthouse Canton, a business founded in 2014, and the chief investment officer is Rajesh Sundaresan. The firm is an example of the independent wealth management firms that have sprouted in Asia over the past decade, often founded by teams from large banks. (See a research report on the sector here by the publisher of this news service.)