Print this article
Summary Of Senior Wealth Management Moves In Asia-Pacific – April 2025
Editorial Staff
17 June 2025
Royal Bank of Canada appointed Steven Fong, formerly of UBS, as executive director, head of investment and portfolio advisory in Singapore. With 25 years of private banking experience in investment and portfolio solutions, beforeS, Fong served in senior roles in advisory and discretionary portfolio solutions at Credit Suisse, Société Générale, and HSBC Private Bank. Northern Trust's global head of client solutions for banking and markets, Gerard Walsh, who was most recently based in the UK, relocated to Singapore. DWS appointed Sharon Tan as country officer of DWS Singapore and CEO of DWS Investments Singapore Limited. Tan continued in her roles as Asia-Pacific client coverage chief operating officer and APAC head of business development. In her expanded role as country officer, Tan is responsible for advancing Singapore’s position as a regional hub for alternatives investments, Southeast Asia and APAC wealth sales distribution, and as a centre of excellence for infrastructure business leads. Tan has more than 25 years of asset management industry experience. Azimut Group appointed Jackson Ng as regional head of fintech, Asia, based in Singapore. Ng reports to Giorgio Medda, group CEO and global head of fintech at Azimut Group.
HSBC's senior wealth manager overseeing China left in a reshuffle of Asian leadership. The departing figure – Trista Sun – led the bank's International Wealth and Premier Banking (IWPB) business in China. Kai Zhang, the bank's Asia head of IWPB, relocated to Shanghai from Singapore and took on the additional role as acting head of IWPB China.
US law firm Cooley appointed Shashwat Tewary as a capital markets partner based in its Singapore office. He has experience of advising a range of clients on capital markets activities in the fast-growing India and Southeast Asia regions. Tewary, who joined Cooley from Sidley Austin, has a background in advising on capital markets deals across India and Southeast Asia, having focused on these geographies since 2009.
PGIM Real Estate appointed David Fassbender as deputy head of Asia-Pacific. Fassbender has been with PGIM Real Estate for over two decades. In this newly-created role, he oversees portfolio management strategies across Asia-Pacific. Fassbender, who was instrumental in establishing PGIM Real Estate’s flagship Asia Pacific value-add (AVP) fund series, is retaining his role as senior portfolio manager for the AVP strategies. He reports to Benett Theseira, head of Asia-Pacific at PGIM Real Estate.
Rudolf Hitsch, head of North Asia at Nomura International Wealth Management, left the Japanese firm. Hitsch, who joined Nomura in April 2023, is based in Hong Kong. Before this, he worked for 12 years and seven months at Citigroup, as north Asia head, in charge of the bank’s private bank business, running teams in Hong Kong and Singapore. Before that, he worked for almost 12 years at Goldman Sachs, also in Hong Kong.
Nomura also changed reporting lines: Jesse Wu, Louis Yip, Wayne Yang, Austin Luo, Murphy Lo and Albert Wong report to Ravi Raju, Nomura’s Singapore-based head of international wealth management.
Brandes Investment Partners, a boutique investment advisor, appointed Diya Lowe as the director, sales, with Brandes Investment Partners (Asia) Pte. Lowe, who supports Brandes’ private bank and high net worth clients, operates across Asia-Pacific, including Australia. Lowe has more than 15 years of sales and distribution experience across Australia and Southeast Asia.
PGIM Fixed Income hired Oliver Nisenson in the newly-formed role of head of asset-based finance (ABF). Nisenson reports to Gabriel Rivera and Edwin Wilches, co-heads of securitised products. He joined from Blackstone Credit and Insurance.
Hong Kong-based ZA Bank appointed a new CEO, Calvin Ng; he had served as an executive director of the lender since September 2022. Ng took up the role vacated by Ronald Lu, who stepped down as chief executive and executive director. A founding member of the bank, he was involved in its application for a digital banking licence in Hong Kong and its business launch as a digital bank in the city.