Changes at UOB Private Bank
Ong Yeng Fang, the head of UOB Private Bank has resigned after seven years with the Singaporean wealth manager.
Ong has 30 years of banking experience, around half of which has been in private banking. Before joining UOB, she was at Julius Baer, and previously worked at Bank of America Merrill Lynch’s wealth arm for three years as a managing director, and spent 17 years with DBS’ corporate and investment banking unit.
As part of a reorganisation at UOB Private Bank, Khoo Lin-Wein has hired as managing director and regional market head for Southeast Asia.
Khoo will be responsible for expanding the Bank’s high net worth client base across Southeast Asia He reports to Chew Mun Yew, UOB’s head of private wealth.
Khoo has 25 years of industry experience, and was most recently head of wealth at Vietnam’s Techcombank. He has also worked at Coutts, Morgan Stanley, Credit Suisse, Deutsche Bank and Maybank, where he was head of private wealth for four years.
Maitri appoints independent director
Maitri Asset Management a Singapore-based, investment management firm, has appointed Lawrence Lua as an independent director. Having become an advisor to Maitri in January 2021, Lua’s new role is intended to deepen Maitri’s ability to deliver strategic investments and business growth,
Lua has a career spanning 35 years in a variety of banking, management and advisory roles across banks in Asia. Most recently, he was the managing director and global head of DBS’ Private Bank and has also held senior banking positions at Julius Baer, Merrill Lynch and Citibank.
PGIM makes two senior hires
PGIM Investments has expanded with senior hires in Asia. Sashi Nambiar joins as managing director, head of South East Asia, a newly created role in which he will lead the firm’s sales and distribution efforts in Asean. Effective on 16 December 16, Nambiar will be based in Singapore and report to Jessica Jones, PGIM Investments’ head of Asia.
Nambiar joins from Wellington Management, where he was managing director, global wealth. During his 20 years of experience in the asset management industry, he has held various leadership roles, covering private banks and sub-advisory markets across Asia.
PGIM Investments has also hired Wincy Mak as head of marketing Hong Kong & Southeast Asia, to support business growth and brand presence in the region. Effective on 15 December, Mak will report to Debra Probst, head of international client marketing. Mak joined from abrdn (formerly Aberdeen Standard Investments) where she was head of marketing for Hong Kong & China, and responsible for strategic marketing development for its institutional, private banks, and retail business.
PGIM Investments is part of PGIM, the $1.5trn global investment management business of U.S.-based Prudential Financial.
SSGA adds Asia ESG investment strategist
State Street Global Advisors (SSGA), the $3.9trn asset management business of State Street Corporation, has appointed Xinting Jia as ESG investment strategist for Asia Pacific, effective immediately.
Jia reports globally to Wong and regionally to Michele Barlow, head of strategy and research for Asia Pacific. Based in Melbourne, she will work with clients in the region to support the firm’s ESG investment strategies, and develop bespoke solutions to address ESG and performance goals.
Jia joins SSGA from CareSuper, an industry superannuation fund in Australia, where she was an ESG specialist, leading the firm’s ESG policy formation, implementation and stewardship. Prior to that, she was head of Asia for Responsible Investment at Mercer Investments, where she advised and helped Asian institutional investors integrate ESG factors into their investment processes.
Fidelity poaches digital leader
Fidelity International has appointed Emmanuelle Pecenicic head of digital propositions and partnerships, Asia.
In this newly created role, Pecenicic will lead the development of Fidelity’s digital strategy in the region.
Pecenicic joins Fidelity from BNP Paribas Asset Management, where she has recently led the firm’s global digital strategy. She will report to Rajeev Mittal, managing director, Asia Pacific ex-Japan at Fidelity.
