Principal Global Investors shuffles offshore leadership

Published by Hubbis – 20th January 2015

Principal Global Investors has reshuffled two key management roles – Kirk West and Andrea Muller – for the firm’s offshore operations, to accelerate growth and strengthen leadership of non-US business.

As of the start of 2015, Muller moved on from her role in Singapore as Asia chief executive officer (CEO), relocating to the US as head of international distribution. She has assumed responsibility for all sales, relationship management and client service activities in Asia Pacific (including Japan and Australia), Europe, the Middle East and Latin America.

Published by Financial Standard – 16th January 2015

State Street Corporation has appointed Wai Kwong Seck, head of State Street’s global services and global markets businesses in Asia Pacific, to its management committee.

Also promoted to the management committee, the company’s senior-most strategy and policy making group, is Gunjan Kedia, who heads the company’s investment servicing capabilities in the Americas for mutual fund, insurance and institutional clients.

Published by Asian Private Banker – 7th January 2015

Asia’s largest private bank by assets under management (AUM), UBS, has appointed a new RMM (regional market manager) for India, Indochina, Philippines and Global Investors according to an internal announcement by the bank this morning.

In what is unequivocally seen as a career advancement, Vinay Gandhi, the bank’s erstwhile country team head for India international and deputy regional market manager, will take over from Andi Reber – the man who recruited Gandhi into the bank in 2010 – as RMM for Malaysia, India, Indochina & Philippines and financial intermediaries group. Reber will continue at UBS in a different role.

Published by Asian Private Banker – 6th January 2015

Credit Suisse hires a private banker of 35 years’ experience from Citi to head its ultra-high net worth (UHNW) business in the Middle East, according to a statement from the Swiss financial institution.

Muwafwfak Bibi joins the Swiss lender as head of UHNW, Middle East, based in Geneva. Bibi will report to Bruno Daher, chief executive of Credit Suisse Middle East. Bibi was also the chairman of Citi Private Bank in the Middle East and North Africa since 1999.

Published by WealthBriefing Asia – 5th January 2015

Nomura, the Japanese banking giant, has appointed former senior Morgan Stanley wealth manager Amanda Chen as deputy head of wealth management Asia ex-Japan, this publication can exclusively report.

Chen was the former head of private wealth management for Singapore at Morgan Stanley where she had worked for more than a decade. This publication understands that today is her first day on the job. Chen will be based in Singapore.