People Moves
Executive Moves In Asia: July 2011

Here WealthBriefingAsia tracks the movers
and shakers of the wealth management world during July 2011.
Credit
Suisse named Marcel Kreis as chairman of private banking
Asia-Pacific and
Francesco de Ferrari as head of private banking Asia-Pacific from
1 January
2012. Kreis previously had been head of private banking
Asia-Pacific; De
Ferrari will take on this role. De Ferrari is currently head of
private banking
Italy and will relocate to Singapore on 1 August to assume the
role of deputy
head of private banking Asia-Pacific before taking up the more
senior role on
in January. He will report to Walter Berchtold, chief executive
of private banking,
and Osama Abbasi, chief executive of Asia-Pacific.
Mercer
promoted Russell Clarke, the chief investment officer for
Asia-Pacific, to the
new role of global CIO, mainstream assets. Clarke is based in
Australia and
reports to Andrew Kirton, the London-based global CIO. Meanwhile
Cara Williams
took up the role of global head of the wealth management
business. Williams was
previously the global chief operating officer at Mercer's
investment consulting
arm.
Bank
of America Merrill Lynch hired Hans Diederen as managing director
and head of
Southeast Asia advisory under the wealth management division.
Diederen is now
based in Singapore and reports to Michael Benz, head of Asia
Pacific wealth
management, for the role. He was previously the chief executive
of Asia private
banking at ABN AMRO in Hong Kong.
London-headquartered
Western Asset Management named Chia-Liang Lian as head of
investment management
in Asia, excluding Japan. Lian joined from Pimco, where he was in
charge of the
emerging Asia tams in Singapore. He remains in Singapore for his
new role.
Singapore-based
United Overseas Bank said it plans to grow its private banking
arm to take
advantage of the growing number of wealthy individuals in
Singapore and the
region. UOB, the city-state's third largest banking group by
assets, intends to
increase the number of its private bankers to about 200 by 2016
from more than
40 currently.
JP
Morgan Private Bank appointed three executives for its India
offshore team.
Kiriti Chauhan stepped in as managing director, banker of the
India offshore
team based in Dubai. Chauhan is from Standard Chartered Bank,
where he worked
for the last 20 years, most recently as head of origination and
client coverage
for wholesale banking in Qatar. Nisar Sindhi joined as executive
director,
banker of the India offshore team. He previously managed the
ultra high net
worth and high net worth business of Citibank's wealth management
unit in
Dubai. Deepak Saluja joined as executive director, banker of the
India offshore
team based in Singapore. Saluja joined from Credit Suisse India,
where he was
part of the founding and senior leadership team for the wealth
management
group.
HSBC Global Asset Management promoted Bill
Maldonado to chief investment officer,
Asia Pacific, a Hong Kong-based role months after relocating
Chris Meares,
chief executive of the private bank. For his new role, Maldonado
will relocate
from London to Hong Kong in August and will continue to report to
global chief
investment officer Chris Cheetham. Locally, he reports to Joanna
Munro, chief
executive of Asia Pacific.
Aviva Investors named
Beng Eu Lim as head of institutional business
development for Asia Pacific. Lim joins from Turner Investments
where he led
investment management efforts. He will be based in Singapore
reporting to both
Erich Gerth, the chief executive for global
business development, and
Tahnoon Pasha, the CEO for Singapore.
MLC
& NAB Wealth added three members to its retirement solutions
unit.
Paul Stratton,
Michael Tobin, and
Remi Bouchenez was promoted to AXA's North
division reporting to
Andrew Barnett who himself joined from AXA early
in the year. Stratton was the head of platform development and is
now the head
of product operations. Tobin, previously the head of product
development, is
now the head of product development for MLC, while Bouchenez,
formerly the risk
manager for structured solutions, is now head of financial risk
management.
Bank of Singapore hired
Richard Jerram as chief economist from Macquarie.
He will work closely with Hou Wey Fook, chief investment officer.
Jerram was
previously head of Asian economics for Macquarie Capital
Securities. Also BoS
named Koh
Siew Kim as an investment counsellor.
She joins from HSBC Private Bank where she was senior director of
investment
counselling in Hong Kong.
JP Morgan appointed Steve
Clayton as managing director and
senior country officer for Malaysia. Clayton joins from Barclays
Capital where
he served as the chief executive for Malaysia for the last eight
years. At JP
Morgan, he will lead the company's overall franchise in the
country and report
to Todd Marin, the head of investment banking in Asia Pacific,
the firm said in
a statement. Clayton takes over from Clement Chew, who will be
focusing on the
bank's equity sales division. He remains based in Kuala Lumpur.
JP Morgan Private Wealth Management hired Mark
Evans as managing director, market
manager for expatriate clients in Asia and Salman Haider as
managing director,
market manager for Southeast Asia. Evans was previously managing
director for
expatriates in London for the Royal Bank of Canada and had also
served for
five years as head of global wealth management before that.
Haider joined
from Citibank's private client group, where he was the regional
head covering
high net worth client segments across 14 Asian markets. They both
report to
Peter Flavel, the chief executive of the bank's
Asia private wealth arm.
RBC Dexia Investor Services, named Noelle Tan as
director of relationship management for Singapore. She will
report to Diana
Senanayake, RBC Dexia's managing director of Singapore. Tan joins
from State
Street, where she was in charge of key client relationships for
its custody
business in Southeast Asia.
Barclays Wealth hired Asha Mathen as a director
for its Chennai office. She was previously a vice president at
the Indian
private wealth management division of German lender Deutsche
Bank.
Robeco, the Rotterdam-based investment
management firm, named
Tony Edwards as chief executive of its Asia
Pacific division. Edwards joined from Neuberger Berman where he
was head of
Asia Pacific (ex-Japan). He will take over from
Frances Chang, the CEO for Greater China and
South East Asia who retired in 30 June. He starts 1
September 2011.
HSBC
appointed Elizabeth Lee, a 16-year veteran of the bank to a newly
created
position of head of Asian market banking and Chinese business
strategy. Lee was
most recently senior vice president and district executive, New
York City
region.
Bank of Guam named
Amoretta Carlson as vice president of BG Wealth and
Trust Departments. Carlson has been with Bank of Guam since 1983.
She is joined
by Ann Roth as vice president, and Mike San Nicolas and Alexandra
Taitano as
assistant vice presidents. The trio come from BG Wealth
Management/Money
Concepts.
HSBC promoted
Peter Wong as chairman of its subsidiary HSBC
Bank China, to succeed Vincent Cheng who is retiring.
Wong,
who joined HSBC in 2005, is currently HSBC's chief executive for
the Asia
Pacific region. He will continue this role as well as his new
duties. He
has around 30 years experience in banking.
Veteran
private banker Lionel Kwok joined HSBC from Standard
Chartered Private
Bank to lead its investment counseling unit in Asia.
Technology
firm
SRL Global appointed Yvonne
Barker-Layton as its marketing and client services director. In
her previous
role, Barker-Layton worked as a consultant in the marketing and
client services
division of a Geneva-based asset and wealth management company.