People Moves

Executive Moves In Asia: July 2011

Tara Loader Wilkinson and Vanessa Doctor August 4, 2011

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.

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