There have been some key moves in the Asia-Pacific region over the past week, these are the ones you need to know about.
Mitsubishi UFJ Securities appoints Greater China executive
Japanese bank Mitsubishi UFJ Securities has hired Kennis Wong as an executive director and head of Greater China for debt capital markets (DCM). Based in Hong Kong, Wong will cover the DCM market across Mainland China, Hong Kong and Taiwan.
Wong joined Mitsubishi UFJ in June. Prior to that he worked at the DCM division of Royal Bank of Scotland for around nine years.
Citi private bank has a new China team head
Rebecca Lum has been appointed managing director, team head and senior private banker at Citi Private Bank. Based in Hong Kong, she will be focusing on China’s private entrepreneurs and high net worth individuals, particularly those in Shanghai.
Lum joins from JP Morgan Private Bank, where she was managing director and China country head. At Citi, she will be reporting to Rudolf Hitsch, global market manager for China and Taiwan.
Manulife AM names Asia affiliate wealth head
Shirley Lam, currently head of North Asia business at Manulife Asset Management, has been promoted to head of wealth, affiliate wealth and asset management. She started her new role on 1 September, and will keep her current duties.
In her new role, Lam will lead the distribution activities of Manulife AM’s Asia wealth solutions through tied distribution channels. She will continue to report to Michael Dommermuth, executive vice-president and head of wealth and asset management for Asia.
Lam has worked at Manulife for nearly a decade.
Nomura hires Asia head for wealth management division
Lee Chee Pin has been hired by Nomura as head of financial products and solutions for wealth management for Asia ex-Japan. Lee will be in charge of trading and dealing across wealth management in the region.
Based in Singapore, Lee will report to Nobuhiro Sano, head of wealth management for Asia ex-Japan.
Nomura has been active in wealth management hiring recently across Asia. Last month, it hired Harry Ng as its new head of trust and head of wealth planning strategy and solutions for Asia ex-Japan.
HSBC Private Bank makes a new senior hire
George Lam has moved to HSBC Private Bank to join its discretionary team from UBS Wealth Management. At HSBC, Lam will be working with the investment services and product solutions group for the South East Asia market.
Lam used to work for HSBC from 2010-2011 as a director at its investment group.
Aviva loses Asia CEO to Great Eastern
Aviva’s Asia CEO Khor Hock Seng has left the firm and will join Great Eastern, the largest life insurance company in Singapore and Malaysia.
Aviva Investors appoints Taiwan chief
Aviva Investors, the asset management arm of Aviva, has hired Lian Yang to head its Taiwan operation.
Based in Taipei, Yang will report to Scott Callander, who is managing director and head of Asia-Pacific business development for Aviva Investors.
Yang has almost ten years’ experience as an institutional sales and business development executive in Taiwan. She used to work for firms such as Deutsche Asset Management and Aberdeen Asset Management.
(Yet another) RBS senior executive in Asia leaves
Sanjeev Kumar, head of coverage for Asia-Pacific at Royal Bank of Scotland has left the bank to join Bank of Tokyo Mitsubishi UFJ (BTMU).
Before leaving, Kumar worked at RBS for about a decade in various corporate finance and advisory roles.
As RBS scales back its operations in Asia, it has lost several senior bankers in the past few months. The most recent one was David Yim, head of debt capital market (DCM) Asia. He moved to Standard Chartered as head of DCM across Greater China.
Vanguard names Singapore head of institution sales
US fund manager Vanguard has poached Heston Goh from Nomura Asset Management as its new head of institutional sales, in a bid to continue expanding its Singapore business. At Nomura, Goh was head of sales for Southeast Asian institutional business.
Based in Singapore, Goh will report to Shelley Painter, managing director of Asia.
Goh spent three years with Nomura before moving to Vanguard. Prior to that, he worked at Lion Global Investors for six years as a senior institutional sales manager.
Morningstar recruits Asia head of equity research
Investment research firm Morningstar has created a new role of director of Asia equity research and has hired Lorraine Tan to this role.
Based in Singapore, Tan will manage a team of 11 equity analysts in Hong Kong and Shenzhen, and will report to Michael holt – head of global equity research and Nick Cheung, chief executive of Asia.
A veteran in the equity research sector with more than 20 years experience, Tan used to be in charge of Standard & Poor’s equity research business in Asia from 2000 to 2014.
Julius Baer names Singapore head of fund advisory
John Cappetta has been appointed the new head of funds advisory of Julius Baer in Singapore.
Cappetta joined the private bank in September 2013 as Asia head of fund sales, following the bank’s integration of Merrill Lynch International Wealth Management business outside the US.
Julius Baer has been shuffling its senior management in Asia recently. Last month it appointed Jimmy Lee as its new head of Asia Pacific. Lee will start on 1 October, but will take his head of APAC role from 1 January 2016.