HSBC Private Banking connects Asia and Emea
HSBC PB has appointed Victor Wang as Emea head of Asia coverage and connectivity. Based in London, he will report to Shailesh Jaiswal, the interim head of international, Private Banking UK on an entity basis and functionally to Ivan Wong, interim market head, North Asia, HSBC Private Banking.
Wang will play a leading role in driving collaboration between colleagues in Asia and Europe, the Middle East and Africa (Emea). He will work with the global relationship managers and an international connectivity team based in Asia to support Asian clients with wealth management needs in Emea. In turn, Wang will also identify opportunities for Asian clients living in Emea locations who have needs in Asia.
Wang has 19 years of experience at HSBC, joining China Global Banking as a management trainee and proceeded to hold several roles in GB covering a wide range of multinationals. Most recently, he headed up the China Desk for UK, continental and international Europe.
EFG beefs up Asia teams
Industry veteran Timothy Lo has been appointed EFG’s North Asia vice chairman, and the private bank has hired extra client relationship officers (CROs) to strengthen its bench in Hong Kong and Singapore.
As North Asia vice chairman, Lo will report directly to Albert Chiu, executive chairman of EFG Bank, Asia Pacific. He will also work closely with Kees Stoute, North Asia CEO, and Richard Straus, North Asia head of private banking, EFG Hong Kong branch, to support the bank’s CROs and help drive business growth in the region.
Lo has over 35 years of industry experience. He is joining EFG from Credit Agricole Indosuez, Hong Kong, where he was deputy CEO and commercial head, North Asia since 2017. Prior to that, Lo was managing director and head of North Asia for CIC Investor Services.
Promotion at Value Partners
Value Partners has elevated Edwin Kam to deputy chief investment officer for fixed income investments. He has direct portfolio management responsibility and has been working alongside Mr. Gordon Ip, the firm’s chief investment officer for fixed income, over several years. Kam assumed his new role in June 2021 and continues to report to Ip.
Kam joined Value Partners in 2014 and has more than 14 years’ experience in the financial industry. Previously, he was at Investec Capital Asia, where he specialised in advising listed companies on restructuring and liquidation matters, debt and equity securities issuance, as well as merger and acquisition transactions. Before that, he was an analyst at Deutsche Bank in London.
T. Rowe Price names Asian equity co-manager
The US-based asset manager has announced that investment analyst Jihong Min will take on the role of co-portfolio manager on its Asia Opportunities Equity strategy from 1 July 2021. Min will work alongside Eric Moffett on this Asian ex-Japan equity portfolio.
Moffett and Malik Sarmad Asif were recently appointed as co-portfolio managers on T. Rowe Price’s Emerging Markets Equity strategy from 1 April this year – alongside long-tenured portfolio manager Gonzalo Pángaro. Moffett will take over as lead portfolio manager on the Emerging Markets Equity strategy at the beginning of 2022, upon the retirement of Pángaro.
With Moffett assuming portfolio management responsibility of the Emerging Markets Equity strategy from the start of next year, Min will take over full portfolio manager responsibilities of the Asia Opportunities Equity strategy from 1 April 2022. Over the lengthy transitional period of the Asia Opportunities Equity strategy, Min and Moffett – who are both based in T. Rowe Price’s Singapore office – will continue to work together on investment decisions and idea generation.
Min, who has 18 years of investment experience, joined T. Rowe Price in 2012, and he has worked with Moffett since the Asia Opportunities Equity strategy’s inception in 2014.
Credit Suisse shakes up its Greater China business
The Swiss bank has promoted two senior private bankers in its Greater China Singapore unit, with the advancement of team leader John Huang and senior relationship manager Vanessa Wu.
Huang has been appointed market leader and Wu has been appointed team leader.
Huang will report to Keng Cheong Lock who was recently made market group head, private banking Greater China Singapore. Wu will also report to Lock.