Posted inPeople Moves

FSA People Moves (20 October – 26 October 2021)

Indosuez poaches from DBS; Stanchart taps Swiss PB; DBWM attracts veteran banker; UBS hires tech specialists; State Street has new regional leadership roles; Pictet WM appoints Asia CIO: JPMAM relocates insurance head.
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Indosuez WM poaches Asia bond specialist

Indosuez Wealth Management in Asia, the global wealth management brand of Crédit Agricole group, has appointed Josephine Tom as fixed income specialist for the bank’s Hong Kong branch, with immediate effect.

She reports to Timothy Tsang, head of investment solutions and deputy head of markets, investments and structuring at Indosuez’s Hong Kong branch.

Tom has 20 years of experience in fixed income markets, and moves from DBS Bank in Hong Kong where she spent 16 years. Most recently, Tom was fixed income sales head for two years, leading a team that covered G7 and Asian domestic currency credit markets.

She began her career with Societe Generale in Hong Kong in 2001 as vice-president of origination/syndicate & structured derivatives, covering Greater China and South Korea.

Standard Chartered taps Bank J Safra Sarasin

Standard Chartered has hired Vinay Gandhi as regional head of Asean and global head of global South Asian community for its private banking segment.

He joins in the first quarter of 2022 and will be based in Singapore, subject to regulatory approval, and will report to Raymond Ang, global head of affluent coverage.

Gandhi has 30 years of international experience in the financial services industry , most recently at Bank J Safra Sarasin, where he was chief executive officer (CEO) for Singapore and deputy CEO for Asia. Previously, he was head of the bank’s ultra-high net-worth division for Asia, and he also covered South-east Asia, international markets and external asset managers.

Earlier in his career, Gandhi was regional market manager for Southeast Asia at UBS Wealth Management, where he led a team of relationship managers serving wealthy clients in Thailand, Malaysia and the Philippines. He has worked at Deutsche Bank and Citigroup Private Bank.

HSBC banker joins Deutsche Bank Wealth Management

Tse Yi-Mun has moved from HSBC to take up the position of managing director and group head for North Asia at Deutsche Bank Wealth Management (DBWM), and will be responsible for new business development in the region.

Based in Singapore, Tse reports to Kanas Chan, head of wealth management, North Asia.

Tse has 23 years of private banking experience, and was most recently market head for Hong Kong at HSBC. She started her careers at DBS and ABN AMRO where she was a relationship manager and desk head covering Greater China.

UBP hires tech specialists

Union Bancaire Privée (UBP) has appointed two senior analysts covering the Asia technology and healthcare sectors, which the Swiss private bank believes are two megatrends that represent significant opportunities over the long term.

Vey-Sern Ling has joined UBP in Singapore as senior equity advisor, Asia technology, and oversees the firm’s technology and internet equity coverage in the region, with a particular focus on China. Prior to joining UBP, Ling was a senior analyst with Bloomberg Intelligence covering the Asia Internet sector. He previously held senior positions with BNP Paribas and UBS.

Nicolas Wang comes to UBP in Hong Kong as senior equity advisor, Asia Healthcare. Wang oversees healthcare equity coverage in Asia, with a particular focus on China. Before joining UBP, Wang was a managing director at Haitong International Research, where he spent over seven years covering the healthcare and consumer sectors across Asia. He has also held senior positions at Industrial Securities Hong Kong, Daiwa Capital Markets and Macquarie Capital Securities.

The two hires follow the appointment of Carlos Casanova as senior economist Asia in Hong Kong earlier last year.

State Street signs up regional heads

State Street has appointed Tim Helyar as head of Australia and Kevin Hardy as head of Singapore and Southeast Asia, as part of its Asia Pacific growth plan.

The two newly created roles will report to Mostapha Tahiri, chief executive officer for Asia Pacific. Based in Sydney and Singapore, Helyar and Hardy will oversee State Street’s business in Australia and Southeast Asia respectively, including driving the enterprise-wide growth strategy, stewarding client engagement, developing talent and maintaining strong regulatory relationships.

Helyar will be joining State Street next month, bringing almost two decades of experience at JP Morgan Investor Services to the firm and was most recently head of fund services product development for Asia Pacific at JP Morgan. He has financial services experience across securities services, superannuation and wealth management.

Hardy will also join State Street next month from Additiv Asia where he was general manager for Asia Pacific, responsible for all activities in the region including sales, relationship management and product for the Swiss-based technology provider.

Prior to that, he worked at several global asset managers including Blackrock, Northern Trust Global Investments and State Street Global Advisors. He was Singapore country head, where he was responsible for the business in Southeast Asia, and head of ETF & index investments for Asia Pacific at Blackrock.

Pictet WM selects Asia CIO

Alexandre Tavazzi will take on the role of Asia CIO in Hong Kong on 8 November, and retain his Geneva-based responsibilities.

Tavazzi was made appointed global strategist and head of the CIO office of the bank’s wealth management investment platform in 2017, and was on the Pictet Wealth Management Investment Committee between 2004 and 2014.

He continues to report to the head of investments and CIO Cesar Perez Ruiz and, locally, to head of Asia investments Evelyn Yeo while continuing as global strategist and head of CIO office for Pictet Wealth Management.

Tavazzi joined the Swiss wealth manager in 1997 as a senior equity analyst covering the Japanese market, and held several roles in portfolio management and research; and co-managing the bank’s Japanese equity fund. He subsequently held various senior roles in portfolio management and research.

Earlier in his career, Tavazzi worked at Wako Finance, Lehman Brothers and Ferrier Lullin.

JPMAM relocates insurance head

The US asset manager has moved James Peagam, head of global insurance solutions, to Hong Kong from New York.

Peagam continues overseeing the firm’s $200bn global insurance business, while strengthening its client offerings and services in Apac. He also continues to report to George Gatch, chief executive officer, at JP Morgan Asset Management (JPMAM).

Peagam joined JPMAM in 2014 as European head of global insurance solutions and later expanded his role to lead the business globally. Prior to that, he was a managing director in Blackrock’s financial institutions group, and held various positions in capital markets and commercial banking to the insurance sector.

He is also chairman of the International Expert Advisory Committee, a sub-committee of the Insurance Asset Management Association of China (IAMAC).

Part of the Bonhill Group.