Summary Of Executive Moves In Global Wealth Management – November 2021

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A number of senior figures moved and and were appointed. Among the most eye-catching changes was the resignation of Barclays CEO Jes Staley.


The biggest move of November was arguably that of Jes Staley, who
stepped down as chief executive of the UK banking group Barclays
amid pressure from regulators about how he described his
relationship with convicted sex offender and financier Jeffrey
Epstein. The UK’s Financial Conduct Authority and the Prudential
Regulation Authority – the two principal watchdogs in the UK –
told Barclays and Staley of their preliminary conclusions from
their investigation into the matter.  


Amaury Dauge resigned as group chief financial officer to take up
an external opportunity in an early-stage venue unconnected to
financial services. He was named as the CFO a year ago. Prior to
this, he worked at Qontigo, the intelligence technology firm,
where he recently served as CFO and chief operating officer.


Asset management house First Sentier Investors named David Allen
as its new global investment management head, taking the reins
from Perry Clausen, who was retiring from the role. Allen has
more than 20 years of global asset management experience, having
specialised in building investment businesses and leading
investment teams. Prior to this role, Allen spent five years at
AMP Capital, most recently as global CIO, equities, based in
London.


Guernsey Finance came back in London with a permanent residence,
naming Jo Kitcat as UK representative. Most recently, Kitcat was
a managing director at BNY Mellon in London.


Boston Multi Family Office promoted Siôn Roberts to the role of
director of its Isle of Man office, Boston Limited. Previously
head of accounting and tax, Roberts is experienced in the trust
and corporate industry, having worked in the sector since 2008,
after originally moving to the island with an international bank
in 2004.


Schroders Capital appointed Rob Prescott as asset manager for its
property team in Manchester, UK. Prescott, who previously worked
at real estate consultancy OBI Property, has more than 10 years
of experience working in the north west and wider regional
commercial property market. He reports to fund manager Phil
Scott.


Peter Maurer, president of the International Committee of the Red
Cross since 2012, was slated to take over as president of the
board of the Basel Institute on Governance when he steps down as
ICRC president in September 2022. He will succeed the Basel
Institute’s founder and president, professor Mark Pieth. The
institute focuses on fighting corruption around the world as well
as developing ways of improving standards of governance. 


Deutsche Bank named Dan Ingvarson as the new head of the
international private bank for the Nordics and as a branch
manager for its Stockholm office. All international private
banking relationship managers with Nordic business in the Nordic
countries, Luxembourg and Switzerland report to Ingvarson. He
reports to Michael Morley, chief executive of Deutsche Bank UK
Bank Ltd and head of the UK and Nordics region for the
international private bank.


Prior to this, from 2015, Ingvarson worked as a senior RM
covering Nordic clients at Credit Suisse. Before that, he was
with Klarna, a Swedish fintech, for two years where he worked in
varying capacities including head of strategic accounts and
deputy head of enterprise sales for the Germany, Austria and
Switzerland region. Before that, he spent six years at Morgan
Stanley in London. After a period of transition Pontus Gronlund,
head of IPB Nordics, moved to a new role outside Deutsche Bank.
Gronlund worked for Deutsche in the Nordics for the past 21
years. 


HSBC made a number of hires and appointments in its investment
management team in Geneva. Karl Faivre appointed as head of
investments and wealth solutions (IWS) EMEA (excluding UK), and
head of IWS Switzerland. He oversaw the products and investment
teams in Switzerland for the past three years. In his expanded
role, Faivre is responsible for the full range of wealth
products, platforms and propositions for personal, premier and
private banking clients in EMEA. 


In parallel, HSBC Switzerland appointed Alexander Neil as head of
equity advisory to strengthen its stock picking capabilities.
Neil, who has worked for HSBC since 2018, brings more than 16
years of equities experience to the new role, including time
spent at EFG Bank and several years on the sell side in London
and Paris.


The bank also recruited Cristiano Mendes as a structured products
specialist to join its team in Switzerland. Mendes spent the past
eight years in investment management roles at UBS, Lombard Odier
and Barclays Wealth Management.


Bank Syz, the Geneva-based group, appointed Dominik Staffelbach
as head of Switzerland to lead its domestic expansion strategy.
Staffelbach, based in Zurich, joined the bank with more than two
decades of private banking experience in Switzerland and around
the world. He previously worked at the private bank Rahn+Bodmer,
where he was responsible for entrepreneurs. Prior to this,
Staffelbach spent more than 15 years at UBS. Reporting into
Nicolas Syz, head of private banking, Staffelbach is responsible
for developing and implementing Syz’s strategy for the Swiss
market by leveraging its wide range of difficult-to-access wealth
management services and alternative investments.


Professional services firm JTC named Dean Blackburn as its chief
commercial officer. He was invited to join the group holdings
board in recognition of his central role in the firm’s growth
since he joined at the start of 2019.


Brown Shipley appointed Kenny Cummings as a financial planner,
based in Edinburgh. Cummings reports to Matt Hoyne, head of the
Edinburgh office and works with Rebecca Williams, head of wealth
planning in the UK. Cummings, who has served as a financial
advisor since 2017, joined Brown Shipley from Spence & Spence
IFA, serving high net worth individuals. 


VG, the Jersey-based provider of trust, corporate and fund
administration solutions, appointed Kevin Cooper as director of
operations. With a career spanning 30 years, Cooper has worked in
various financial businesses. Previously he spent 11 years at
Nautilus Trust Company and later its 2016 acquirer, First Names
Group. His experience also includes several senior roles in the
Jersey office of Bankers Trust Company of New York.


Legal & General Investment Management named Kurt Morriesen as
head of investment stewardship. Morriesen leads LGIM’s global
investment stewardship team. He worked at the United Nations
Development Programme as a senior advisor for impact investments
and social development goals, a position he held since 2018.


Newton Investment Management appointed Therese Niklasson as
global head of sustainable investment. Niklasson reports directly
in London to CEO Euan Munro. Most recently she was global head of
sustainability at Ninety One (previously Investec Asset
Management); and before that global head of ESG and head of ESG
research at the firm. 


Goldman Sachs hired 10 private-wealth advisors in London. During
2021 it also transferred or promoted an additional seven people
into PWA roles and it now has 50 advisors serving UK clients.


The external hires: Fiona Macleod; Dmitra Koutsoukos; Heidi
Tyler; Sandeep Bhamra; James Westropp; Selina-Valencia McDonald;
Pedro Dias Ferreira; Manuela Maia; Clement Hutton-Mills; and
Alison Bishop. In continental Europe, two senior figures – Cedric
Deleamont and Jerome Lauber – were hired by Goldman Sachs as
private bankers in Geneva. They previously worked at UBS.


Goldman Sachs Asset Management appointed Ed Francis as a managing
director to lead its UK fiduciary management business, based in
London.  Francis joined from Willis Towers Watson, where he
spent 20 years in a variety of roles including six years as the
head of investment for Europe, Middle East and North Africa.
 


BNY Mellon Investment Management named Matt Shafer as head of
European distribution. Shafer oversees the US firm’s UK and
continental European businesses and works with its investment
firms. He reports to Matt Oomen, global head of distribution at
BNY Mellon Investment Management, in this newly-created role.


ABN AMRO said Jurgen Stegmann decided to resign from its
supervisory board after being in the post since June 2016. Among
other roles, Stegmann is supervisory board chairman of Museum
Boijmans Van Beuningen in Rotterdam, and supervisory board
member, audit committee and change committee at MN Services
NV. 


C Hoare & Co appointed India Gary-Martin as a non-executive
director. Gary-Martin, who has 25 years’ experience in financial
services, served in a variety of executive roles in London,
Frankfurt, Tokyo and Hong Kong.  Her most recent executive
appointment was at JP Morgan where, from 2010 to 2014, she was
managing director and global chief operating officer for
investment banking technology and operations. Gary-Martin also
worked in senior roles at RBS (now NatWest) and Deutsche Bank.


Titanbay, the private markets investment platform for
sophisticated investors, private banks and asset managers,
appointed Trevor Isherwood in the newly-created role of global
head of marketing. Isherwood joined from Fidelity International
where he was marketing director for global digital wealth and
head of UK digital and content marketing. He previously worked
for UBS Wealth Management.


CryptoUK, which speaks for the UK crypto industry, appointed Rob
McWilliam as its new non-executive director. McWilliam served as
finance director and vice president of Amazon UK and most
recently as chief financial officer of Asda Walmart.


Global law firm DLA Piper launched a worldwide investment
management and funds practice, covering the whole sector’s value
chain. The practice is led by international partners Catherine
Pogorzelski and James O”Donnell and US partners Jesse Criz and
David Parrish.


UK fund manager Jupiter named Matthew Beesley as its new chief
investment officer. He replaced Stephen Pearson, who retired
after a 35-year career in the industry, including nearly two
decades at Jupiter. 


Investor services firm IQ-EQ appointed Joanna Macleod as its new
group chief operating officer. She is based in London. A
chartered accountant, Macleod worked at a number of global
service organisations for over 20 years, including six years at
American Express’ global business travel division, latterly as
its chief transformation officer.


Appway appointed veteran tech entrepreneur Mark Holenstein as
chief operating officer. Holenstein built two enterprise software
start-ups: Signavio, a SaaS business process management provider,
and e-commerce software vendor Hybris. Both were acquired by
German software giant SAP.


Kingsley Napley appointed Matt Spencer as a partner to help build
a new tax practice. Spencer was previously at DAC Beachcroft
where he spent nine years advising on structuring corporate and
real estate transactions including M&A, land transfers,
developments and leases. His specialist area is employment tax
and structuring employee incentive schemes as well as public and
private sector VAT.


Carsten Cramer was named as managing director of PraxisIFM in the
Netherlands. He joined from financial services group Higgs &
Co, which provides directors and corporate services to
multinationals, private equity firms, funds and family offices in
the Netherlands and Luxembourg. He has also served in senior
roles in financial services in the US.


BNP Paribas Asset Management named a number of managers within
its “sustainability centre” to help bolster its investment
offerings for environmental, social and governance-themed (ESG)
work. Rachel Crossley was appointed head of stewardship for
Europe, based in London. Crossley has more than 25 years of
sustainability and stewardship expertise working with
organisations such as the Access to Nutrition Initiative and the
Climate Group. She reports to Michael Herskovich, global head of
stewardship.


Malika Takhtayeva was appointed sustainable fixed Income lead –
EMEA, based in London. She spent the last six years at Moody’s
Investors Service as a credit analyst with a focus on ESG and
related topics. 


Thibaud Clisson was appointed climate change lead, based in
Paris. He joined BNPP AM in 2009 and has been senior ESG analyst
responsible for the utilities, materials and energy sectors, as
well as developing the firm’s approach to measuring carbon risk
and integrating ESG considerations within private markets. He
reports to Bernhardt.


Robert-Alexandre Poujade was appointed biodiversity lead, based
in Paris. He joined BNPP AM in 2011 and has been an ESG analyst
since 2015. Delphine Riou was appointed inclusive growth lead,
based in Paris. She joined BNPP AM as an ESG analyst in 2017.


VP Bank appointed Dr Lars Kaiser as head of group sustainability.
He reports to chief investment officer and chairman of the
Sustainability Board at VP Bank, Dr Felix Brill. Kaiser was
formerly assistant professor of banking and financial management
at the University of Liechtenstein’s Institute for Finance.


Citi Private Bank named Jeremy Knowland, James Holder and Selim
Elgen as the new cluster heads for the UK, Jersey and Israel,
Europe and Emerging Markets (including the Middle East),
respectively. The three individuals report to Luigi Pigorini,
head of Citi Private Bank and Citi Global Wealth, EMEA, and Ida
Liu, global head of the private bank. Additionally, they “matrix
report” individually to James Bardrick, Kristine Braden and Ebru
Pakcan, the Citi EMEA cluster heads for UK, Jersey and Israel,
Europe and Emerging Markets. As part of the change, Bardrick
relocated to Luxembourg and Knowland and Elgen remained based in
the UK.


Robeco appointed Colin Graham as head of multi-asset strategies
and co-head of sustainable multi-asset solutions. Graham has a
track record of investment performance, team leadership and
innovation in global, European and Asian multi-asset solutions
that spans more than 25 years. Most recently he was chief
investment officer, multi-asset solutions at Eastspring
Investments (part of Prudential plc).


BMO Global Asset Management added investment product specialists
to its European team. Karlijn Van Lierop was named the
“responsible investment” product specialist for the Netherlands.
Based in Amsterdam, she joined from MN where she had headed the
responsible investment team since 2012.


Isabelle Meyer also joined the business, focusing on the German
market. She came from Insight Investment Management where she had
worked since 2012. Both report to Claudia Wearmouth, co-head of
BMO GAM’s responsible investment team. 


The Chartered Institute for Securities & Investment elected
Amyr Rocha Lima CFPTM Chartered FCSI and Peter Moores, Chartered
FCSI to join its board of directors.


Kleinwort Hambros appointed Unni Chowallur as director, private
banking in the “Key Client and International” segment and to join
the firm’s ultra-high net worth team working with Middle Eastern
clients.


Chowallur, who is based in London and focuses on the UK resident
non-domestic and non-resident Indian market and similar segment
activity in the UAE, reports to head of key clients and
international private banking, Rob Woodthorpe-Browne. Chowallur
has spent two decades in private banking and asset management in
the UK, Europe and India. He was most recently executive director
at Standard Chartered private bank and before that a director
with UBS AG.


Mark Sheerin was appointed senior private banker, based in
Yorkshire. He has joined from HSBC private bank, where he spent
four years advising onshore domestic clients on their portfolios.
He reports to Yorkshire head of office Richard Brown. Previously,
he spent nine years with Seven Investment Management as a client
advisor in London.


The third hire, Laythamm Malorey was appointed business
development manager in the Channel Islands, reporting to head of
private banking for Channel Islands, Thomas Cummins. Malorey has
spent more than 35 years in finance working for RBS, Barclays,
and more recently at boutique investment houses.


Former Schroders chief investment officer Kieron Launder joined
the advisory board of private equity firm Growthdeck to advise on
the continued growth of its investor network. Launder previously
headed investment strategy for Rothschild and spent 25 years in
the industry, including 15 years at Citibank. 


International law firm Reed Smith added two corporate trust
lawyers, Paulette Mastin and Paul Regan to its Financial Industry
Group team in London. Former Linklaters counsel, Mastin joined as
a partner, and Regan as a counsel to work with the firm’s global
corporate trustees, service providers, and financial
intermediaries. 


Following a number of recent acquisitions, Waverton Group
appointed Marco Malagoni to head wealth planning in London. He
spent more than a decade at Cazenove Capital.


Asia-Pacific

Deutsche Bank Wealth Management named Felicia Tan as director,
team leader and Edmund Tee as vice president and Dita Darmawan as
director. 


Based in Singapore, Tan and Tee report to Urs Brudermann; and
Darmawan reports to Ingrid Widjaya. Both Brudermann and Widjaya
are group heads of Southeast Asia and report to Shang-Wei Chow,
Southeast Asia head.


With 13 years of private banking experience, Tan joined from BNP
Paribas Wealth Management where she was director, team head.
Prior to that, she spent more than a decade at Credit Suisse,
progressing from relationship manager to director. 


Darmawan joined from UBS where she was a director. Prior to UBS,
she held the same title at Standard Chartered and was a vice
president at Barclays Bank. 


Tee, who has 17 years of experience in the banking and finance
industry, was previously at BNP Paribas Wealth Management where
he was a vice president, serving HNW individuals and
corporations. Prior to joining BNP Paribas Wealth Management, Tee
worked at CIMB Private Banking and Credit Suisse.


Indosuez Wealth Management in Asia, the global wealth management
brand of France’s Crédit Agricole group, appointed senior
relationship manager, Arthur Cheng as executive director in the
Singapore Branch. Cheng reports to Alfred Low, head of North Asia
markets and strategic partnerships at the bank’s Singapore
branch.


With almost 25 years’ experience in the banking sector, Cheng
spent the last 16 years working in senior level roles in private
banking. Prior to his appointment with Indosuez, he served in
senior wealth management roles at DBS Bank Private Bank and BNP
Paribas Private Bank in Hong Kong SAR as well as UBS Taiwan.


Standard Chartered appointed Brendan Royal to the technology role
of global chief architect, joining from Amazon Web Services in
Australia after a four-year stint.


Singapore-based GIC, the sovereign wealth fund, appointed former
Credit Suisse senior figure Lawrence Beck as a director in its
technology group. Beck worked for the Swiss bank in Hong Kong for
11 years. In his latest role there, he was a managing director
and head of investment banking technology for Asia-Pacific.
Before that, he worked at Morgan Stanley.


Credit Suisse announced a series of changes to its top-level
management for its Asia-Pacific business, including the
retirement of Francois Monnet, who had been head of private
banking for North Asia and chief executive for the firm’s Hong
Kong branch.


Benjamin Cavalli was appointed head of wealth management
Asia-Pacific; Jinyee Young was named deputy head of wealth
management Asia-Pacific, and Chien Chien Wong was appointed CEO
for Credit Suisse in Singapore – the bank’s first female CEO in
Singaporr, in addition to her role as the chief operating
officer, Asia-Pacific. 


Greg Hingston was appointed to lead HSBC’s Life and Insurance
business. The banking veteran, who is heading the franchise as
global CEO, succeeded Bryce Johns, who left to pursue an outside
opportunity. Hingston spent 15 years at HSBC in a number of
executive roles in Asia and Europe. He was regional lead in
retail banking for EMEA; and also led customer value management
and international retail banking and wealth management for
Europe. Earlier in his career, Hingston spent five years heading
business development, planning and M&A at Prudential in Asia.


Maitri Asset Management, a Singapore-based, active responsible
investment manager and multi-family office, added two executives
to its client relationship and investment advisory teams. Varun
Gulati, a private banking industry veteran, joined as a
relationship management director to help drive Maitri’s client
relationship strategy and partnerships. 


Edwin Aw joined as an investment counsellor focusing on
formulating and managing bespoke multi-asset investment solutions
for clients. Both appointees are based in Singapore. 


Gulati previously worked in the private banking division of
Deutsche Bank. Before that, he worked in wealth management across
leading international banks and financial institutions, including
ABN Amro, HSBC and Standard Chartered. Aw, who joined from HSBC,
is a private banking investment specialist. His career to date
spans stints at numerous leading financial institutions including
Schroders, ING and Bank of America Merrill Lynch.


Credit Suisse appointed Sacha Eugster as market leader for the
Philippines based in Singapore. He still reports to market group
head Marcus Slöör, Private Banking Philippines. Eugster, who has
spent two decades in wealth management, joined Credit Suisse in
2003. After 11 years, he became head of the Swiss bank’s
Singapore booking centre, moving in 2016 to become team leader
for the Philippines market, managing the Singapore-based team.


Global asset manager Ninety One appointed Nazmeera Moola as chief
sustainability officer. Moola, who was previously Ninety One’s
deputy managing director and head of South African Investments,
joined the group in 2013 from Macquarie First South, where she
was head of macroeconomic strategy. 


A former Deutsche Bank senior figure, Anurag Mahesh, rejoined the
bank at its wealth management arm to take the post of vice
chairman, Asia-Pacific. Mahesh, who is based in Singapore,
reports to Lok Yim, head of the international private bank for
APAC and chief executive of the Hong Kong branch. In global
reporting terms, he reports to Alessandro Caironi, global head of
lending and advisory and sales. He joined from UBS, where he was
co-head of global family office for Asia Pacific. 


Allfunds, the funds platform organisation, appointed Sebastien
Chaker as head of its Hong Kong business. Chaker most recently
served as an executive board member for Clearstream Fund Centre
AG (Zurich). He has also served in senior roles at UBS and
Calastone. Chaker reports to David Perez de Albéniz, head of Asia
at Allfunds, who is based in Singapore.


Leo Wealth, the international wealth firm borne out of a recent
merger, named Jason Gibbons as investment director for Asia.
Based in Hong Kong, Gibbons joined the firm’s global investment
team and reports to Harmen Overdijk, global chief investment
officer. Gibbons previously worked at BNY Mellon Wealth
Management, where he spent 11 years as client portfolio manager,
working with private clients and high net worth families. 


Arc & Co, the specialist debt advisory firm, named Sophie
Brown, a chartered accountant, as representative for Southeast
Asia. Based in Singapore, she provides debt advisory services
with a focus on real estate.


Eastspring Investments created a new regional management
structure, naming Xavier Meyer and Wendy Lim in the newly-created
roles of regional CEOs. They report to Wai-Kwong Seck, CEO at
Eastspring Investments.


Meyer, who joined Eastspring in 2014 and is global head of
distribution, took on new management responsibilities.He oversees
the Korea, Japan, Taiwan, Thailand, Europe and US businesses as
regional CEO for North Asia, Europe and the US. Lim assumed
management responsibilities to oversee Singapore, Hong Kong,
Malaysia, Indonesia, and Vietnam as regional CEO for Southeast
Asia. 


Law firm Stephenson Harwood appointed Wei Kang as a partner in
its Hong Kong office. Kang, who joined the firm from DLA Piper,
advises clients on international estate and asset protection
planning, the Canadian tax and corporate aspects of private
wealth structures, and the development of family governance
structures. She has experience in a variety of cross-border
deals, including the mergers and acquisitions of private
corporations, corporate reorganisations and trust planning
transactions. Kang has .


Canada-listed Sun Life Financial appointed Luc Nhon Ly as chief
executive of Sun Life Vietnam, following the return of former
Vietnam CEO Larry Madge to Sun Life’s corporate office in
Toronto. Luc Nhon Ly brings more than 26 years of expertise to
the role, in a career spanning executive, finance, strategy, and
actuarial roles across Vietnam, Myanmar and Canada. 


Kohlberg Kravis Roberts, aka KKR, appointed K V Kamath as a
senior advisor to KKR India. Kamath has more than five decades of
experience of building and leading large Indian businesses. Most
recently, from its founding in 2015 until 2020, Kamath has served
as the first president of the multilateral development bank, New
Development Bank. Prior to that, he was chairman of ICICI Bank
and Infosys, two of India’s largest companies.


Barclays Private Bank made three senior appointments in its
Singapore office: Adrian Khoo was named head of strategic client
coverage, Barclays Private Bank, Singapore. Khoo, who has more
than 16 years’ experience in the financial services industry,
joined from Julius Baer, where he was a senior relationship
manager for Southeast Asia covering ultra-high net worth and
family office clients. Prior to this, he served in senior roles
at BNP Paribas Wealth Management, Asia Capital & Advisors,
Goldman Sachs and Macquarie Bank.


Jaime Huang was appointed private banker, Barclays Private Bank,
Singapore. Prior to joining Barclays, Huang worked at the Bank of
Singapore and spent the last four years as a director responsible
for advising UHNW and family office clients in Southeast Asia and
China. He has more than 18 years of private banking and
investment advisory experience and has previously worked at
Citigroup, HSBC and ABN AMRO.


Ken Sze was appointed head of investments for Asia, Barclays
Private Bank, Singapore. Sze relocated from London, where, for
the past three years, he was a senior member of Barclays Private
Bank Global Investments team as global head of the funds and ETFs
business. 


Allianz appointed Anusha Thavarajah as regional chief executive
of Allianz Asia Pacific, succeeding Solmaz Altin, who decided to
leave after 13 years with the organisation. Thavarajah, who is
Allianz Asia Pacific’s regional CEO of Life and Health, joined
the business in December 2019 from AIA Malaysia. 


Manulife Investment Management appointed Isaac Meng as managing
director and portfolio manager, fixed income, and Judy Kwok, head
of Greater China fixed income research, to join its Asia fixed
income team. Meng reports to Paula Chan, senior managing director
and senior portfolio manager, Asia fixed income. Meng was
previously at PIMCO Asia as senior vice president, portfolio
manager and macro strategist. 


Kwok is responsible for leading the firm’s Greater China fixed
income research efforts, Kwok reports to Fiona Cheung, head of
global emerging markets fixed income research. She was previously
at Bank of Singapore as director of fixed income research, and
before that she served in senior research positions at Fidelity
International and First State Investments in Hong Kong. 


HSBC Asset Management named Daisy Ho as its new regional chief
executive for Asia-Pacific and Hong Kong. Ho replaced Pedro
Bastos who moved to a newly-created role as chief investment
officer for international markets and Asia strategist. Ho, who
reports to CEO Nicolas Moreau, has more than 20 years’ experience
in the asset management industry, and joined from Fidelity
International.


BBVA, the Spain-based banking and financial group, announced that
it is setting up an equity trading and sales hub in Hong Kong.
The group appointed Stephen Sun as head of sales, global equities
Asia. He joined BBVA from DBS Private Bank, where he was an
investment consultant. Prior to that, Sun worked in sales at
Barclays, Deutsche Bank and JP Morgan.


Carey Olsen added to its dispute resolution and litigation
offering in Hong Kong by appointing senior associate Kimberley
Leng. 


Julius Baer appointed Kevin Tay as head of wealth planning and
family office services, Singapore. The move represented a return
to the Swiss bank for Tay, who had worked there for more than a
decade. He reports to Eleanor Yuen, head of wealth planning and
investment finance for Asia-Pacific, and Jason Moo, head of
private banking, Southeast Asia and branch manager, Singapore,
for family office services.


Prior to this, Tay was senior partner, Asia head at Sequent
Group. Before that, he was with Julius Baer for almost 14 years,
most recently as head of wealth planning and investment finance
for Southeast Asia. 


Citi Private Bank appointed Chia Pei Jet as managing director and
investment counsellor team lead for the Singapore and Malaysia
ultra-high net worth business. Based in Singapore, Chia Pei Jet,
who is a CFA Charterholder, is partnering with Citi Private Bank
chairman and South Asia head Lee Lung-Nien to help expand the
bank’s UHNW footprint in Singapore and Malaysia. Chia Pei Jet
joined from JP Morgan Private Bank, where she served as global
investment specialist and team lead for the Indonesia market for
more than 20 years. 


PGIM Real Estate appointed Matthew Yao, formerly of CBRE Global
Investors, as head of China. In this new role, Yao is overseeing
the Shanghai-based investment team which supports the deployment
of PGIM Real Estate’s pan-Asian investment funds in China.


M&G Investments announced the appointment of Alfred Foo as
director, intermediary channels, Singapore. He is based in
M&G’s Singapore office and reports to Berny Lin, head of
distribution, Asia ex-Japan. Foo was most recently at abrdn –
formerly Standard Life Aberdeen – where he had been responsible
for Singapore’s wholesale segment covering private banks, retail
banks, insurance, and IFAs since 2018. 


Citigroup named Victor Alexiev as the global head of a business
incubation programme of the bank which examines new business
opportunities. Alexiev reports to Valla Vakili, global head of
venture innovation for Citi Ventures.

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