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Summary Of Asia-Pacific Executive Moves - October 2020
Editorial Staff
30 November 2020
Asia-Pacific region moves for October 2020 Lilian Tai, a Singapore-based analyst who previously worked with Min Chen at Dymon Asia, joined the team and has more than eight years of experience of investing in Asian emerging market equities with a particular focus on environmental, social and governance research in China. Min Chen and Lilian Tai are based in the Singapore office. Haynes, who joined from Walkers where he led the insolvency and dispute resolution group, has served high net worth individuals and companies. He has experience both advising on and litigating high-value, cross-border management, shareholder, commercial insolvency and corporate restructuring disputes, often with a nexus to Hong Kong, the Cayman Islands and the British Virgin Islands. UBS appointed ex-Credit Suisse senior figure David Tobin as head of risk technology. Tobin reports to Julie Shapiro, head of risk and financial technology at UBS. At Credit Suisse, Tobin was head of its investment bank credit risk and technology chief in Poland.
RBC Wealth Management appointed Shawn Sim to join its investment solutions and products team in Singapore as head of fixed income advisory. Sim reports to Chun Him Tam, who heads RBC Wealth Management’s fixed income and ultra-high net worth solutions groups in the region.
Sim re-joined RBC from HSBC Private Bank, where he was a fixed income advisor. He was a member of RBC Wealth Management’s fixed income team between 2014 and 2018. Earlier in his career he worked at OCBC Securities in a variety of roles, including fixed income advisor, equity sales dealer, ETF product manager and securities borrowing and lending advisor.
Kennard Ling joined the firm, and reports to Sim. Ling was appointed as a fixed income specialist from Citibank Singapore, where he was part of the advisory and trading desk responsible for business growth across Asia-Pacific. Prior to that, Ling was a corporate sales analyst for FX and rates at Standard Chartered Bank.
HSBC Private Banking appointed former senior Citigroup figure Jyrki Rauhio as regional head of credit advisory for Asia-Pacific. Rauhio worked for more than 25 years at Citigroup in roles across multiple cities spanning Helsinki, New York, Warsaw and London, including more than 12 years in Hong Kong and Singapore. In the last decade, Rauhio had various senior leadership roles as managing director in Citi Private Bank - in London as global chief operating officer; in Hong Kong as head of investment finance and banking Asia-Pacific; and most recently, in Singapore, as head of South Asia. He replaced Desiree Lam, who took up a new role within HSBC Private Banking working directly with Siew Meng to drive HSBC’s Asia wealth strategy. Rauhio reports to Siew Meng, and Daniel Mentha, global head of credit advisory, global private banking.
T Rowe Price, the US-based investment house, appointed Amie Boscacci as a new relationship manager for Victoria and Tasmania, Australia. Boscacci joined from Macquarie Bank where she worked as a business development manager in its wealth solutions division. Prior to that, she worked as a platform operations specialist at Colonial First State Wrap and as a wealth recruitment consultant at Stirling Andersen. She is based in Melbourne and reports to Shane Zabiegala, relationship manager for financial institutions.
Credit Suisse’s private bank in North Asia appointed two bankers for the Hong Kong market: Nelly Tse and Polly Leung. Tse joined as managing director for the Hong Kong market and has more than 20 years of banking experiences covering wealth management, wholesale transaction banking, operational risk and strategic communications. She has held various leading positions at BNP Paribas, DBS and Standard Chartered Bank.
Leung, who was appointed as an executive director and relationship manager for the Hong Kong market, has 17 years of financial and banking experiences in global market, sales trading and wealth management. Prior to this, Leung held various positions at BNP Paribas and ICBC International Securities. Before joining Credit Suisse, she was the executive director with BNP Paribas for six years covering Greater China institutions, family offices and UHNW clients for global market and wealth management. Previous to working at BNP, she was the deputy head of trading at ICBC international.
Credit Suisse appointed a group of relationship managers in Australia. They were Ann-Laure Alia, Loughlin MacGowan and Jason Winderbaum. Alia has more than 10 years’ experience in private banking as an RM at Rothschild in Paris. Winderbaum was founding team member of Sanlam’s managed risk strategies in Australia, which commenced in 2011. Prior to joining Sanlam, he started his career as a chartered accountant with Ernst & Young, before moving on to roles within ultra-high net worth family offices. Winderbaum also spent four years working as the general manager of a private client advice business.
Credit Suisse also appointed Bie Lan Oey as vice chairman for private banking in Southeast Asia. Bie Lan Oey joined after 20 years at HSBC Private Banking where she was most recently managing director covering the ultra-high net worth Indonesia market and also co-led next generation programmes. Prior to that, she was the head of the UHNW segment for Southeast Asia. She worked in numerous leadership roles at UBS Wealth Management, Deutsche Bank and JP Morgan. Bie Lan Oey reports to Benjamin Cavalli, head of private banking for South Asia, and will be based in Singapore.
Credit Suisse in Australia, meanwhile, appointed a former senior Julius Baer and UBS investment advisory figure, and a non-executive director for environmentalist lobby group Greenpeace. Loughlin Magowan, based in Melbourne, Victoria, joined the Swiss bank as a relationship manager, having been at Julius Baer in the UK for almost five years – leaving in January 2020 – where he was head of investment advisory UK, and before that, head of UBS Advisory, UK. Magowan, who is non-executive director for Greenpeace Australia Pacific, has been in the role since September, his profile said.
Somerset Capital Management, the emerging markets equities specialist based in London and Singapore, named Min Chen as a portfolio manager on the China team. Before this, Min Chen worked at Dymon Asia, where he was the portfolio manager of the Prospect View China Fund. Prior to joining Dymon Asia in 2018, he was head of China at RWC Partners, MD at Everest Partners and chief representative of Arisaig Partners in Shanghai.
SCB Julius Baer, the wealth management joint venture between Julius Baer and Thailand’s Siam Commercial Bank, appointed Joseph Caceres as head of investment advisory and solutions. With nearly two decades of work experience in finance, banking, and international investment management, Caceres held various senior leadership positions in investment advisory and solutions at HSBC Private Bank Singapore for more than 13 years. Recently, Caceres was head of managed investment solutions and alternative investments for Southeast Asia. Before this, Caceres was with Deutsche Bank in Singapore, Hong Kong, and New York. He is a magna cum laude graduate of Georgetown University in Washington DC.
Quintet Switzerland, part of Quintet Private Bank, named Jing Zhang Brogle as market head, Asia International. Most recently, Zhang Brogle was global market manager Asia at Edmond de Rothschild (Suisse). She also served as CEO of the Swiss bank’s Hong Kong branch. Her other roles were CEO and member of the board at Vontobel Wealth Management (Hong Kong), as well as head of Greater China at Vontobel Private Banking International, Switzerland. Prior to that, she was a senior client advisor for UBS Wealth Management in Switzerland.
Vontobel Asset Management opened an office in Singapore, also naming former DWS senior figure Benny Gay as head of its intermediary clients business in Asia, and Jeremy Tan – also from DWS - as a relationship manager for intermediary clients in the region. Gay is responsible for managing relationships with global banks, as well as intermediary channels, in Singapore and Hong Kong. He has more than 12 years of relationship management experience in the asset management and wealth management industry. He joined from DWS, where he was head of private banks and intermediaries. Prior to that, he was a client advisor to high net worth individuals at Citibank in Singapore.
Nuveen Real Estate, the investment house, named Shusaku Watanabe as head of its Japan real estate business, based in its Tokyo office. Watanabe relocated to Japan from Singapore, where he was previously director of Asia-Pacific capital markets. His role added to an existing post as fund manager for the Tokyo Multifamily Partnership that was launched in 2018.
European investment house Aquila Capital named Alexander Lenz as its new Asia-Pacific chief executive, based in Singapore. Lenz leads the business in the region. Lenz had worked in the renewable energy sector since 2007.
BNP Paribas appointed Paul Yang as its Asia-Pacific head. He took over from Eric Raynaud, who retired from the French banking group after being at the firm for more than four decades. Yang’s new role added to his position as CEO of corporate and institutional banking for Asia-Pacific. He has been at the bank for more than three decades.
BNP Paribas Asset Management appointed three figures to join its Asian equities team in Hong Kong.
Zhikai Chen, who was named head of Asian equities, replaced Arthur Kwong, who left to pursue other opportunities. Chen reports to Guy Davies, global chief investment officer for fundamental active equities. Jinwen Ouyang and Roxy Wong, two portfolio managers with whom Chen has worked in managing Asia ex-Japan Equities at Lombard Odier, were also hired. They joined the team covering Hong Kong and Malaysia. Zhikai Chen has more than 20 years of experience in the financial industry. Before joining Lombard Odier in Hong Kong, Zhikai was senior analyst at Partner Fund Management. Previously, Zhikai served as senior vice president at Putnam Investment Management in Boston from 2004 to 2011, where he covered emerging market financials and commodities for emerging market and international funds. From 2000 to 2004, he was a research analyst with Citigroup Asset Management in Stamford in the United States. He started his career at the Monetary Authority of Singapore.
Jinwen Ouyang has 13 years of experience in the financial industry. She was a portfolio manager for Asia at Lombard Odier. Before joining the firm in 2014, Jinwen was an analyst at Value Partners (Asia). Previously, she served as research analyst at Société Générale (USA) covering cross-border mergers and acquisitions. She began her career with Crédit Suisse in 2006.
Roxy Wong has more than 20 years of experience in financial markets and technology, most recently as a senior portfolio manager for Asia at Lombard Odier. Before joining Lombard Odier in 2013, Roxy was head of regional technology research at Mirae Asset Group (Asia). From 2008 to 2011 he served as senior research analyst at RCM (a member of Allianz Global Investors), where he covered the technology sector in Asia ex Japan, and between 2000 to 2008 he was a core member of the Asian tech research team at Bear Stearns (Asia). Wong began his career with Motorola in 1993 before moving to Intel in 1996.
Julius Baer appointed Vijay Solomon as the new group head for global India and developed markets. Six relationship managers joined Bank Julius Baer and report to Solomon, who in turn reports to Torsten Linke, head of global India and developed markets. Together, they provide investment and wealth planning solutions for Indian clients in Asia.
Prior to this, Solomon was most recently head of the NRI and Japan international businesses operating from Hong Kong for Credit Suisse. He was also one of the designated executive officers for the Credit Suisse Hong Kong Branch. Prior to that, he served in senior wealth management roles at DBS, Société Générale and ICICI Bank across Hong Kong and India. He has more than 23 years’ industry experience.
International law firm Hogan Lovells appointed Nick Williams, a prominent figure in Singapore’s legal field, as a partner in its business restructuring practice. Williams is based in the Singapore office, where he works in the Asian city-state’s cross-border restructuring and insolvency market, representing banks, financial institutions, hedge funds, private equity investors, insolvency accounting firms and corporate creditors and debtors. He is also experienced in investigations, commercial disputes and international arbitration.
Kobre & Kim added offshore disputes and insolvency lawyer Timothy Haynes as partner in Hong Kong. His appointment followed the firm’s recent arrival of offshore lawyer, Ulrich Payne, in the Cayman Islands.
Credit Suisse hired a raft of India-focused private bankers.
Ravinder Singh joined as managing director and strategic client advisor for India onshore. Ravi Malani was appointed as director and senior product manager, concentrating on growing its private banking equity sales business in India. Brijesh Majali joined as director and team leader. The team headed by Majali includes three relationship managers and three assistant RMs with whom he had worked at BNP Paribas: Ashish Teli, RM, who has more than 12 years’ experience in wealth management; Gautam Jain, RM, with more than 15 years’ experience in financial services; and Madhurjya Lahkar, RM, with 17 years of banking experience, including 13 years in wealth management.
In a newly-created role, James Cardew joined Capital Group as head of marketing and client experience for Asia and Europe. He is based in London and reports to Asia and Europe client group head Guy Henriques, and global chief marketing officer Jaya Kumar. Most recently Cardew was chief marketing officer for Schroders Personal Wealth; and spent 12 years before that as global head of marketing at Schroders. He began his career at Mercury Asset Management and also served as head of international marketing at Merrill Lynch Investment Managers.
Wealth management boutique Azura, which concentrates on ultra-high net worth clients, opened an office in Singapore. Trevor Lau heads a team of six wealth management professionals and solution providers. Prior to this role, Lau was a managing director for UBS in Singapore. Before working at UBS, he spent 14 years at Credit Suisse, covering Singapore and Malaysia markets.
Amundi, the European asset management giant, and China’s BOC Wealth Management, built a joint venture in China. It named a team to run the JV. The team combines members from Amundi, BOC and others from the Chinese market. Liu Huijun, from Bank of China and with 25 years of experience in the asset management, global financial markets and insurance industries, chairs the board of directors of the joint venture, while Bao Aili, with over 20 years of experience in the mutual fund industry, was appointed general manager.
Prior to her current position, Liu served as deputy CEO of Bank of China Group Insurance Company based in Hong Kong, a wholly-owned subsidiary of Bank of China Group, where she was responsible for marketing, operations and IT. She began her career with Bank of China Group in 1994 at the group’s global markets department. Her experience spans banking, securities and insurance industries.
Bao Aili is the general manager of Amundi-BOC Wealth Management Company Limited. Before her current position, Bao served as the GM of Everbright Pramerica Fund Management Company based in Shanghai, where she was responsible for the company's medium and long-term business plan implementation. Bao started her career at the BlackRock Asset Management New York office. She has a long experience in leading asset management companies in China and overseas; she is experienced in strategic planning, product designing, and marketing.