Posted inPeople Moves

Citi and UBS bolster leadership teams in Asia

Citi promotes new Hong Kong and Macau chief executive and UBS names China head of philanthropy services, while Allianz Global Investors (AllianzGI) hires thematic portfolio manager.
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Citi targets GBA growth

Citi has promoted Aveline San as its new chief executive for Hong Kong and Macau, and the chief executive officer of Citibank in Hong Kong.

The 25-year banking veteran reports to head of North & East Asia cluster, Tim Monger.

“As we continue to grow our wealth management and institutional clients business in Hong Kong and the Greater Bay Area, San’s deep understanding of the operating environment and key issues in the region make her the ideal leader to steer the Hong Kong franchise forward,” said Monger.

San joined Citi in April 2019 as its regional chief compliance officer for Asia Pacific (Apac).

Before that, she worked for 14 years in various senior management positions. including Apac group regional head of compliance and operational risk control and general counsel of wealth management for North Asia.

San succeeds Angel Ng, who was promoted to Apac head of global wealth management in April, a unit that covers the full range of client segments from affluent to high net worth individuals.

UBS appoints Ming Geng as head of philanthropy

Geng has joined the Swiss bank as its head of philanthropy services for Hong Kong and Greater China, according to an internal note seen by FSA.

She will be based in Hong Kong, reporting directly to Tom Hall, managing director, head of social impact and philanthropy services, with local supervision by Christina Tung, head of advisory and sales client services.

Geng has over 25 years of experience in global health, global development, government affairs and philanthropy.

Prior to joining UBS, she was the head of corporate affairs at Viatris Pharmaceutical and had provided consulting for Gates Ventures and United Nations Development Programmes as senior advisor.

AllianzGI strengthens thematic equity focus

The asset manager announced that it has hired Alex Bibani as a senior portfolio manager from Sarasin & Partners.

Bibani will join the investment manager at the end of August to focus on managing thematic equity strategies aligned with the UN’s Sustainable Development Goals.

Based in London, he will report to Andreas Fruschki, head of thematic equity at AllianzGI.

“We are very pleased that Alex is joining our team. His experience at the intersection of thematic and sustainable investing will serve us very well as we continue to expand our client offering,” said Fruschki.

Bibani will also be deputy portfolio manager of the AllianzGI’s sustainable and responsible investment strategy, and work alongside current co-lead portfolio managers Gunnar Miller and Robbie Miles.

The fund had €2.5bn in AUM as of 31 July 2022.

Bibani has managed a range of ESG and sustainably focused global equity funds for institutional clients since October 2015 in his previous position.

He has also worked at IFM Investors and Ratio Asset Management.

Part of the Mark Allen Group.