Press

16 December 2016

Citigroup Targets Private Banking Growth By Leveraging Institutional Network In Asia

Published by Wealth Briefing Asia – 16th Dec 2016

Citigroup has appointed one of its most senior managers, Kevin Lam, as Asia-Pacific business development head between the US lender’s private bank and its corporate and investment bank, in addition to his existing role as COO of Hong Kong corporate and investment banking.

In this new role, Lam will further strengthen partnership between the private bank and corporate, investment banking arms across the region. He will report to Mark Slaughter, head of corporate and investment banking Asia-Pacific and Bassam Salem, the private bank’s CEO for Asia-Pacific.

15 December 2016

CVC Capital Partners scouts for top talent to helm new India office

Published by Deal Street Asia – 15th December 2016

Global private equity (PE) firm CVC Capital Partners is looking at setting up a presence in India and is in the process of hiring senior executives for the same, said two people aware of the development.

“They are looking to establish their presence in India and are in the process of hiring a senior person to head the India operations. They are in discussions with a select set of private equity professionals for the same. The hiring is expected to close soon,” said one of the two people cited above, requesting anonymity as the talks are private.

15 December 2016

Aberdeen Makes Four Senior Hires

Published by Wealth Briefing Asia – 15th December 2016

Aberdeen Asset Management has recruited John Campbell as global head of strategic clients and Jeff Klepacki as head of distribution for the Americas, while Antony John and Richard Pursglove join on a consultancy basis.

Campbell was previously business head of global services, UK, Middle East and Africa at State Street. Klepacki was previously a director at Capital Group, while John formerly served as chief executive of BNP Paribas Investment Partners/FundQuest. Pursglove has served as head of retail at Artemis Investment Management among other senior distribution roles, according to his LinkedIn profile.

15 December 2016

UBS Shuffles Southeast Asia Structure in Efficiency Bid

Published by Finews Asia – 15th December 2016

UBS has changed the organisational set-up of its wealth management activities in South East Asia. The management and reporting line changes will take effect from January.

In an internal memo seen by finews.asia, the Swiss private banking giant is restructuring in a bid to become more efficient.

15 December 2016

Credit Suisse Hires UBS’s Stewart to Shake Up Equities Unit

Published by Bloomberg – 15th December 2016

Credit Suisse Group AG hired UBS Group AG’s Mike Stewart as head of equities, poaching a seasoned investment banker and wealth manager as it seeks to boost a business that has lagged behind peers this year.

Stewart, who had a similar role at UBS until 2015, will join Credit Suisse in New York in June, replacing Mike Paliotta. He will report to Brian Chin, who became head of global markets, the bank’s trading unit, in September, the Zurich-based lender said.

13 December 2016

Natixis names new APAC global markets head

Published by Finance Asia – 13th December 2016

France’s Natixis has appointed Emmanuel Lefort as its head of global markets for the Asia Pacific region, the company said in a statement on Tuesday.

Lefort replaces Serge Ekué, who was recently named senior country manager for the UK and head of global markets for Europe, Middle East and Africa.

13 December 2016

Nomura Pursues Malaysia’s Wealthy

Published by Finews Asia – 13th December 2016

Asia-based financial services group Nomura has launched a new wholesale fund for high net worth clients in Malaysia who meet minimum net worth or income thresholds.

The Nomura Global High Conviction Fund, a locally domiciled wholesale fund that feeds into Nomura Funds Ireland – Global High Conviction Fund, is available in Malaysia from today to sophisticated investors.

9 December 2016

Hong Kong’s PWMA Appoints Managing Director

Published by Wealth Briefing Asia – 9th December 2016

The Private Wealth Management Association, which represents Hong Kong-based firms, has appointed Peter Stein as its managing director. He takes over from Joanne Leung, who will retire at the end of this year.

Stein has more than 20 years of experience. He joins from UBS, where he was head of regulatory advisory and relations. Prior to this, he was a senior editor in Hong Kong with the Wall Street Journal, working in both Mandarin and Cantonese.

9 December 2016

Wing Lung Bank private bank head exits

Published by Asia Investor – 9th December 2016

Wing Lung Bank’s head of private banking and wealth management, Joseph Tam, left the firm on December 2. The firm declined to comment on his departure.

9 December 2016