25 November 2016

Nomura Wealth Management’s Asia deputy head steps down

Published by AsianPrivateBanker.com – 25th November 2016

Nomura’s Singapore-based deputy head of wealth management for Asia ex-Japan has left the bank, Asian Private Banker can reveal. The private bank has also reshuffled a number of senior management roles.

Amanda Chen has exited Nomura after almost two years as Asia deputy head for Japanese lender’s wealth management division.

Chen reported to Nobuhiro Sano, head of wealth management, Asia ex-Japan, who remains with the bank.

Asian Private Banker understands that Johnny Heng, who was Nomura’s chief investment officer (CIO), wealth management, Asia ex-japan, has taken on the role of head of relationship management for the wealth management unit, effective immediately.

The vacated CIO role has been spilt, with Vincent Ng becoming CIO for Hong Kong and Tong Yeu Sng becoming CIO in Singapore.

A spokesperson for the bank declined to comment on Chen’s departure and the internal changes.

Chen joined Nomura Wealth Management in January 2015 from Morgan Stanley where she held a number of role, including head of strategic transaction group and head of private wealth management. Chen also worked with Lehman Brothers in equity derivative structured sales.