The firm, taking on a new name, comes out of a buyout. Its new Asia head has a track record at banks such as Julius Baer, BNP Paribas and HSBC.

Sequent, the new name for Rothschild Trust following a buyout with Rothschild & Co in February last year, has hired Kevin Tay as senior partner and Asia head, taking effect from the start of February. Tay most recently worked at Julius Baer.

At Julius Baer, Tay headed the bank’s wealth planning advisory and investment finance for Southeast Asia. During his 13 years at the bank he led a team which structured solutions for high net worth individuals and their businesses, focusing on the Asian and non-resident Indian markets. Prior to that, he held senior positions at BNP Paribas Private Bank and HSBC Trustees (Singapore) Limited. Tay is a lawyer by training and spent his initial professional years at Rajah & Tann, a prominent Singapore law firm.

Tay’s appointment marks the second senior hire in the region this year for Sequent, following Joseph McBurney joining as Head of Singapore.

The buyout last February, which led to the new business under the Sequent name, was led by Richard Martin, executive chairman and the senior management team, with a workforce of about 160 professionals working from offices in Geneva, Guernsey, London, Reno, Singapore and Zurich.