Posted inPeople Moves

FSA people moves (03 – 09 March 2021)

Indosuez makes senior appointments in Singapore; Manulife IM creates head of wealth and AM role for China; BNPP AM names global head of stewardship; and more…
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Indosuez Wealth Management has made three senior appointments in Singapore, according to a statement from the firm.

Shiladitya Choudhuri has been made market head of external asset manager and multi family office business in addition to his current responsibilities. He has been managing director at Indosuez in Singapore since 2014, and in his enhanced role, will continue to report to Omar Shokur, Asia CEO and Singapore branch manager of Indosuez.

Jensen Wee has been named senior director for head of client services. Reporting to Lucien Jeannin, chief of staff for Asia, Wee has at least 20 years of experience in the financial services industry. Before Indosuez, he was director for business management at Julius Baer in Singapore.

Harpreet Singh has been appointed as senior director and relationship manage and will report to Choudhuri. Singh was previously at J Safra Sarasin, and before that, served at the private bank desks of Bank of Singapore, BNP Paribas and Citibank’s non-resident Indian business.

Just last week, the firm also made three senior appointments in Hong Kong, which are Willie Chue, managing director and Greater China market head, Steven Wong, managing director and senior relationship manager and Ada Zhou, director and relationship manager.

Indosuez Wealth manages €128bn ($153.91bn) in client assets globally and employs 3,060 employees in 13 locations around the world. In Asia, the firm has offices in Hong Kong and Singapore.


Manulife Investment Management (Manulife IM) has appointed Adrian Chen in the newly created role of head of wealth and asset management for China, effective 1 March, according to a press statement.

Chen will spearhead the growth of the firm’s wealth and asset management business in China, including the domestic fund business, distribution of offshore solutions to Chinese institutional and retail investors, as well as China’s retirement market.

“Following the establishment of our wholly foreign-owned enterprise (WFOE) in 2017 and our investment in private equity specialist Albamen last year, we have been strengthening our team in China,” Paul Lorentz, Manulife IM’s president and CEO for global wealth and asset management, said in the statement.

In China, Manulife IM has a 49%-owned joint venture fund house, Manulife TEDA Fund Management, while its WFOE houses its China institutional sales team. Its insurance parent Manulife also runs a majority-owned joint venture, Manulife-Sinochem Life Insurance, which was the first foreign-invested joint venture life insurer to sell mutual funds in China, according to the statement.

To capture the growth opportunities in China’s pension market, Manulife IM has also partnered with Agricultural Bank of China, which has since become a leading distributor of the firm’s retail pension mutual funds managed by Manulife TEDA, it added.

As head of wealth and asset management for China, Chen is tasked to oversee the daily operations of the firm’s WFOE and work closely with its retirement business team and the Manulife-Sinochem team to capitalize on opportunities in China’s pension and retail wealth market.

Based in Shanghai, Chen will report to Michael Dommermuth, head of wealth and asset management for Asia. Before Manulife IM, Chen was at UBS, where his latest roles were general manager and legal representative of UBS Ruihua and UBS Asset Management. During his 13-year stint with UBS, Chen has also been responsible for a number of different functions, including wealth management, wholesale distribution and business development.


HSBC Asset Management has named Michael Stromsoe as London-based head of investor relations for its alternatives business. He will report to Steven Ward, head of alternative products.

Stromsoe will be responsible for working with the firm’s institutional and wholesale sales and client servicing teams to define and develop all aspects of client communication and post-sale engagement on alternative products, according to a statement.

He was at Macquarie, where he was responsible for strategic and operational leadership of the marketing and investor services team. Before that, he was head of investor relations and partner at Brevan Howard.

“[Stromsoe’s] appointment is an important step in our ambition to expand our alternatives platform,” Ward said in the statement.


Janus Henderson has appointed Andrew Morrison as London-based global head of client experience. He will report to John Groneman, global distribution chief operating officer.

Morrison will lead the development and delivery of Janus Henderson’s client experience strategy while collaborating with both clients and leaders from across the business to design new and differentiated enhancements.

He has 20 years of experience in financial services, most recently at Aviva Investors, where he was head of client experience. Before that, he held roles at Capgemini and Allianz Insurance.


Chandrima Das to join StanChart as head of managed investments

BNPP AM names global head of stewardship (ESG Clarity)

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