DBS NAMES NEW MALAYSIA CHIEF
DBS has named Abdul Raof Latiff as its new country head for Malaysia, effective 1 June, according to a press statement.
He will replace Jeffrey Ling, who will be retiring from his role. To enable a seamless transition, Ling will stay on as a senior advisor alongside Latiff to help continue the engagement with DBS’s key clients in Malaysia.
Latiff is currently DBS’s group head of digital for institutional banking group and group head of global transaction services (GTS) product management.
Replacing Latiff in both his group digital and global GTS roles is Lim Soon Chong, who assumed his new role on 1 January. This will allow for a smooth transition ahead of Latiff’s move into his new role in Malaysia.
Before joining DBS in 2017, Latiff held several senior regional positions at global banks, including Citi, JP Morgan and HSBC, and brings with him at least 25 years of banking experience.
Lim, meanwhile, has been with DBS for 15 years and has taken on a myriad of assignments across a broad spectrum of functions in the consumer, wealth, risk management and corporate treasury spaces. Most recently, he was the bank’s group head of investment products and advisory for the consumer banking and wealth franchise, where he spearheaded initiatives to enhance the bank’s wealth management and investment propositions.
INDOSUEZ MAKES THREE SENIOR APPOINTMENTS IN HONG KONG
Indosuez Wealth Management has made three senior appointments in Hong Kong, according to a statement from the firm.
Willie Chue has been appointed as managing director and Greater China market head. He is responsible for driving the firm’s growth strategy in the Greater China markets and reports to Olivier Livenais, CEO for Hong Kong.
Chue has spent around two decades in the banking and financial industry in the US, Taiwan and Hong Kong. He garnered extensive expertise and understanding of the Greater China markets from his time at Deutsche Bank and JP Morgan.
Steven Wong, meanwhile, has been made managing director and senior relationship manager at Indosuez’s Hong Kong branch. Reporting to Chue, Wong is a veteran banker with at least 20 years of experience, during which he worked in senior roles at global financial firms, including Deutsche Bank, Credit Suisse, UBS and Societe Generale.
Ada Zhou was appointed as director and relationship manager in Hong Kong. Also reporting to Chue, she has spent 10 years in the banking and financial industry, including Deutsche Bank, Bank of China (Hong Kong), UBS and JP Morgan.
“Greater China is an important market for Indosuez – China’s economy picked up steam in the fourth quarter of 2020 and is poised to expand further this year,” Livenais said in the statement. “We want to deepen our talent pool to serve this market.”
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.
THORNBURG EXPANDS EQUITIES PLATFORM
Thornburg Investment Management has expanded its equities platform with the addition of veteran portfolio managers.
Steven Klopukh and Tim McCarthy have joined the firm as portfolio managers and managing directors, and are tasked to oversee small- and mid-cap equity mutual funds (SMID). The duo is also expected to introduce SMID managed account and model delivery capabilities, according to a statement from the firm.
Klopukh and McCarthy share portfolio management responsibilities on the Thornburg Small/Mid Cap Growth Fund, which had $770 in assets as of the end of December. Klopukh also serves as a portfolio manager on the Thornburg Small/Mid Cap Core Fund, which has $822m in assets.
The duo will report to Thornburg co-heads of investments Ben Kirby and Jeff Klingelhofer and are supported by the entire Thornburg investment team.
Klopukh and McCarthy each have nearly two decades of SMID investment experience and worked together at Allianz Global Investors (AGI) since the mid-2000s. Before Thornburg, Klopukh spent 18 years at AGI, most recently as director and lead portfolio manager on the US small- and mid-cap growth team.
McCarthy spent 17 years at AGI, where he was senior portfolio manager and director, with research responsibilities for the US small- and mid-cap growth team. He was also a portfolio manager and analyst on the small-cap team and a member of the quantitative analytics and risk strategy group.
Together, they broaden Thornburg’s fundamental, bottom-up equity research capabilities into the SMID asset class.
T ROWE PRICE PROMOTES RM TO LEAD AUSTRALIA, NZ FAMILY OFFICE DISTRIBUTION
T Rowe Price has promoted Sydney-based relationship manager Jacquie Arnott to lead its wholesale and family office distribution for Australia and New Zealand, effective 22 February.
In her new role, Arnott is responsible for leading the firm’s wholesale and family office distribution channels, including private banks, in Australia and New Zealand. She continues to report to Jonathan Ross, head of intermediary Australia and New Zealand.
Before joining the firm in 2015, Arnott worked at Julius Baer Private Bank and Merrill Lynch Wealth Management in London and Los Angeles.
“Greater demand is being seen by this segment for more selective exposure and risk management amidst these times of accelerated change and unprecedented volatility,” Ross said in the statement.
The firm currently offers six Australian domiciled funds to wholesale investors in Australia and New Zealand, providing access to the firm’s global equities, Australian equities and global fixed income strategies.
Globally, the firm managed $1.46trn in assets as of the end of January.
WELLINGTON EXPANDS PRIVATE INVESTING CAPABILITIES
Wellington Management has made two hires to focus on private market sustainable investing, according to a statement from the firm.
Greg Wasserman and Sean Petersen have joined the firm as climate-focused senior investors.
Before Wellington, Wasserman invested in technology, innovation and climate-related strategies at Generation Investment Management, Goldman Sachs and Galaxy Digital. Petersen was at AI Fund, an early-stage venture capital fund, where he served as a general partner.
“Climate change is a defining issue of our time, and the capital markets will play a critical role in meeting this challenge,” Wasserman, who is also the firm’s lead private climate investor, said in the statement.
The additional hires build on the firm’s 14 years in climate investing, 27 years in alternatives investing and close to $5bn in dedicated committed capital in the private markets, the statement said.
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