Where Will Ravi Raju Fit in UBS’ Org Chart?

Published by Finews Asia – 27th October 2016

UBS has been mum about where its most recent prominent hire – previously Deutsche Bank’s private banking head in Asia – will fit in the Swiss bank. finews.ch reveals details of his new role.

The Zurich lender’s hire of Ravi Raju last month was a coup, leading Deutsche to scramble to stanch potential damage from the move.

Raju previously led an entire wealth management region – albeit at a far smaller competitor. Thus, the question of where he would fit into the giant Swiss bank’s hierarchy was a somewhat delicate one.

Published by Hubbis – 25th October 2016

Indosuez Wealth Management has appointed François R Farjallah as global head of the Middle East region.

He will lead the coordination of all wealth management activities in the region and drive Indosuez’s Middle East business, which is covered from offices in the UAE (Dubai and Abu Dhabi) and Lebanon (Beirut). 

Published by Finews Asia – 24th October 2016 

HSBC has announced two senior appointments in its global private banking division (GPB).

Siew Meng Tan will succeed Bernard Rennell as regional head of GPB, Asia-Pacific with effect from 1 January 2017, subject to regulatory approval.
Rennell has been appointed senior advisor to the CEO, key client coverage, GPB – a newly created role.

Published by Wealth Briefing Asia – 12th October 2016

Julius Baer has appointed Pradinan Arkarachinores as team head for the Thai market, Agatha Chan as team head for the Philippines market, and Tisha Mellado as senior relationship manager for the Philippines. All three join from Credit Suisse.

Arkarachinores previously was an ultra-high net worth client relationship manager at Credit Suisse in Hong Kong, where she has worked since 2011. She has over 10 years of private banking experience in Thailand, Singapore and Hong Kong. Based in Hong Kong, she will report to Angela Bow, head of emerging Asia at Julius Baer.

Published by Finews Asia – 10th October 2016

In what could be a serious blow to morale, the long time head of the German lender’s Asian wealth business is reported to have left the firm and is headed for a larger rival institution.

Deutsche Bank investors have no doubt been hoping that the bank can settle their numerous investigations with the U.S. Justice Department quickly. However for some the lingering uncertainty seems to have proved too much.

Published by Bloomberg – 6th October 2016

Standard Chartered Plc has stepped up its hiring from Barclays Plc’s private-banking team in Hong Kong ahead of the transfer of the business to Oversea-Chinese Banking Corp., in a move that underscores the stiff competition for wealth managers in Asia.

More than 10 Barclays relationship managers in Hong Kong are joining Standard Chartered, which is expanding its wealth business in the region after hiring global private-banking head Didier Von Daeniken from Barclays in March, said people familiar with the matter, who asked not be named as the move hasn’t been disclosed. Barclays had about 130 relationship managers in Asia as of last year, according to Asian Private Banker.

Published by WealthBriefingAsia – 4th October 2016

Bank of Singapore has appointed former BNP Paribas banker Leonard Yong as an executive director and cluster lead for its Indonesian team, this publication can confim.

This publication is seeking further details about Yong’s former role.

Publsihed by Finews Asia – 30th September 2016

Standard Chartered continues to calibrate its managing structure in Singapore and has announced the addition of another two senior bankers to its Private Banking unit and the departure of the Ultra High Net Worth unit head.

Andrew Ho will join the bank as Managing Director and Market Head, Indonesia, and Vishal Jain joins as Managing Director and Market Head, Global South Asia Community (GSAC) Asia, the bank said in a statement.

Published by Wealth Briefing Asia – 30th September 2016

Stephen Richards Evans, global head, UHNW at Standard Charted’s private bank, and market head, Indonesia, is leaving the post, this publication can exclusively report. He has been based in Singapore.

This publication understands that his move is part of a series of changes put in place at Standard Chartered in the wake of the appointment in July of former senior Barclays manager Srinivas (Srini) Siripurapu as regional head, private banking, ASEAN and South Asia, and as global head, non-resident Indian clients. Siripurapu took over the regional leadership for ASA from Peter Kok, whose role was then combined within the former’s expanded remit.