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Summary Of Executive Moves In Asia-Pacific Wealth Management - October 2014

10 November 2014

Asia-Pacific executive moves in wealth management and private banking for October.

Australia and New Zealand Banking Group appointed Mark Whelan to its management board, taking on broader responsibilities as managing director for global commercial banking. He previously held senior roles covering areas including private banking. Whelan had been MD for Commercial Banking Australia. Previously Whelan was MD of ANZ’s Institutional, Commercial and Private Banking businesses in Asia Pacific, Europe & America based in Hong Kong.

China
Towers Watson appointed Maggy Fang as the managing director of executive compensation Asia Pacific at Towers Watson, based in Beijing. Fang has more than 20 years of consulting experience in human resource management, specialising in executive compensation design and her experience spans various industries from financial services, high-tech, insurance to mining and resources, and manufacturing.
Prior to this appointment, Fang led the executive compensation business in China and served as a trusted advisor to a number of private enterprises, securities’ regulatory committees and government agencies.

Hong Kong
Vencie Fung, who handled recruitment for Morgan Stanley in Hong Kong, joined UBS as a director in the human resources team, responsible for the wealth management space. Fung reports in her role to Rebecca Liew, who is executive director in the Swiss bank’s human resources team.

Morgan Stanley gave more detail on its appointment of former senior Goldman Sachs executive Vivien Webb as managing director and head of sales for China and Hong Kong in the private wealth management business. Webb was previously head of regional sales at Goldman Sachs Private Wealth Management with a focus on the Hong Kong ultra high net worth segment. In her new role, she continues to be based in Hong Kong.  Webb started her private banking career at Citibank in 1983, moving to Chase Manhattan in 1987 and later joining HSBC Private Bank as deputy head for the Premier Clients Business in 2000.  From 2004, she worked at Goldman Sachs in various senior wealth management roles.

Eva Chan, managing director and previously head of sales for China and Hong Kong, assumed a newly created role head of marketing and strategy for PWM Asia, focusing on client relationship management processes, marketing, advisory content and strategic initiatives, it said. Chan joined Morgan Stanley in 1994 in Hong Kong. After eight years with its fixed income division she transferred to private wealth management in 2002, advising ultra-high net worth individuals, private family offices, endowments and foundations.  She was promoted to managing director in 2012.

Hay Group, the global management consultancy, appointed Dr Lawrence Wong as managing director of Hay Group Greater China and general manager of Hay Group Hong Kong. Dr Wong is an IT professional and certified accountant in Hong Kong and the UK. He has around 30 years' working experience in global consulting firms and listed conglomerates. Previously, or to joining Hay Group, Dr was a managing director in Accenture Consulting, leading the digital and analytics practice in Greater China.

ABN AMRO Private Banking appointed Charles Humpleby as executive director and senior relationship manager to its international clients team in North Asia to develop its services for international clients in Asia and Middle East. Based in Hong Kong, Humpleby focuses on serving international clients with links to the UK, complementing the bank’s growing coverage of global clients. Humpleby previously worked at Standard Chartered Private Bank where he was executive director, private banking, Asia based in Jersey and serving clients residing in Asia.

The Hong Kong Investment Funds Association appointed it executive committee members 2014-2015 as well as a new chairman and vice chairman. Bruno Lee of FIL Investment Management (Hong Kong) and Terry Pan of JP Morgan Asset Management were appointed chairman and vice chairman, respectively.

Pan is the head of the Hong Kong and the China QDII funds business of JP Morgan Asset Management. With more than 20 years of industry experience in asset management and financial services, he began his career in 1994 at JP Morgan. In 2000, he joined PCCW’s 2cube Securities as vice president of sales before rehoinin JP Morgan AM in 2003. Lee is the regional head of retail for Asia Pacific ex Japan of Fidelity Worldwide Investment, based in Hong Kong. He began his career at Fidelity Worldwide Investment in 1991. Between 2004 and 2005, he was the chief executive officer of Invesco Taiwan Limited, before joining HSBC in 2006 as the regional head of Wealth Management Asia  Pacific. In January 2012, he rejoined Fidelity Worldwide Investment.

Japan
NewSmith, the London/Tokyo-based wealth management house, appointed Charles Hopkinson-Woolley as head of Alternatives and Product. He joins from Tyrus Capital having built his career at Deephaven Capital Management, Deutsche Bank and Cazenove.

Singapore
Australia and New Zealand Banking Group appointed former Standard Chartered senior strategist Danny Suwanapruti as global head of rates research, reporting to global head of financial markets research, Richard Yetsenga. He takes up the role on 1 January.

Suwanapruti joined from Standard Chartered in Singapore where he spent the last nine years as a senior rates strategist and brings extensive Asian rates and international banking experience.

Credit Suisse appointed a number of private bankers in Singapore from rival banks: Vivian Tan, a private banker at HSBC Private Bank, joined the Zurich-listed bank in the city-state. Cheryl Cher joined Credit Suisse – she had previously worked at UBS. David Wang, formerly of Morgan Stanley, has also joined the bank in its Singapore office.

DBS Group appointed a former senior manager from Standard Chartered as head of compliance. Lam Chee Kin reports to chief executive Piyush Gupta and join the group management committee.

Lam, a lawyer with 20 years of experience, was Standard Chartered’s head of legal and compliance for Southeast Asia. He previously worked at J PMorgan and law firms Rajah & Tann Singapore and Allen & Gledhill, the report said, adding that Sue Lynn Koo becomes head of legal and secretariat.

The chief executive of Zurich Life Singapore, Peter Huber, became the next chairman of the Swiss Business Association Singapore, taking the reins from Christian Pauli, who stepped dpwn to be vice chairman. Huber has been vice chairman of the SBA Committee, which he has supported since 2013.