Deutsche Bank Wealth Management adds three to Southeast Asia team
Deutsche Bank Wealth Management announced the appointment of Felicia Tan as director, team leader, Edmund Tee as vice president, effective 22 November, and Dita Darmawan as director, effective 25 November. Based in Singapore, Tan and Tee report to Urs Brudermann, while Darmawan reports to Ingrid Widjaja. Both Brudermann and Widjaja are group heads of Southast Asia and report to Shang-Wei Chow, head of Southeast Asia.
With 13 years of private banking experience, Tan joins from BNP Paribas Wealth Management where she was director, team head. Prior to that, she spent a decade at Credit Suisse, progressing from relationship manager to director, and has had primary focus on Malaysia.
Darmawan joins from UBS where she was a director. Prior to UBS, she was a director at Standard Chartered and a vice president at Barclays Bank. As a native Indonesian with a network and access to entrepreneurs locally, she intends to manage and develop business relationships in Indonesia.
Tee has 17 years of experience in the banking and finance industry and joins from BNP Paribas Wealth Management where he was a vice president, servicing a portfolio of wealthy individuals and corporations. Previously he worked for CIMB Private Banking and Credit Suisse.
Indosuez Wealth Management promotes a relationship manager
Indosuez Wealth Management, the global wealth management brand of Crédit Agricole group, has appointed senior relationship manager, Arthur Cheng as executive director in the Singapore Branch.
Based in Singapore, he reports to Alfred Low, head of North Asia markets and strategic partnerships at the branch.
Cheng has about 25 years of experience in the banking industry and spent the last 16 years at senior levels in private banking. Prior to his appointment with Indosuez, Arthur held senior wealth management roles in DBS Bank Private Bank and BNP Paribas Private Bank in Hong Kong as well as UBS Taiwan.
Janus Henderson hires Asia ex-Japan distribution head
UK-headquartered Janus Henderson Group has appointed Andrew Hendry to the Singapore-based role of head of distribution in Asia (ex-Japan), starting February 2022. He will report to Suzanne Cain, global head of distribution.
Hendry has 23 years of industry experience and joins from Abrdn, where he was most recently the head of distribution for Asia Pacific. He previously had positions at Westoun Advisors, M&G Investments and Capital Group.
Hendry plans to maintain, grow and diversify the firm’s distribution business, develop strategic client partnerships across institutional and intermediary channels, and work with leaders from across the firm to identify and cultivate business development opportunities.
Value Partners boosts its Southeast Asia business
Value Partners Group has hired Ong as managing director, head of Southeast Asia and chief executive officer of Singapore, effective 29 November 2021. This senior appointment is part of the group’s efforts to build its Southeast Asia business to capture further growth in the asset and wealth management market in the region.
Based in Singapore, Ong has around 25 years of leadership and sales management experience from financial institutions. In his new role, he will be responsible for overseeing the Value Partners business in Southeast Asia and will become the CEO of Value Partners Asset Management Singapore. He will also lead firm’s institutional business in the region, and will be partner Wallace Tsang, Value Partners head of intermediary business to drive the Southeast Asia Intermediaries business. Ong reports to Value Partners Group’s President June Wong.
Most recently, Ong was managing director and head of Southeast Asia at State Street Global Advisors, where he oversaw the firm’s institutional and intermediary businesses in the region. Before that, he was client director at HSBC Asset Management and director at UOB Asset Management.
First Sentier Investors appoints investment management boss
David Allen has been poached to be global head of investment management, after five years at AMP Capital, most recently as global CIO, equities based in London where he led a global team.
He two decades of global asset management experience where he specialised in building investment businesses and leading investment teams.
Previous jobs include senior investment leadership roles at Sarasin & Partners, Fidelity International, and Pioneer Investments. In these roles Allen has led teams across a wide range of capabilities, including equities, fixed income, multi-asset, ESG, dealing, risk management and operations.
At First Sentier Investors’, Allen will lead investment teams, excluding FSSA Investment Managers and Stewart Investors, and he will contribute to the development and execution of the firm’s corporate strategy. He will also play a key role in commercialising and growing investment capabilities for the business.
Allen replaces Perry Clausen, who is retiring from the role of chief investment officer in early 2022.
