Credit Suisse lures private banker from Deutsche Bank WM
Matthew Peh has joined Credit Suisse as a managing director and team head of emerging Asia and ultra-high net worth investment consulting.
In his newly-created role, Peh is based in Singapore, and reports to head of investment consulting private banking South Asia Claude Harbonn.
Peh has 14 years of wealth management experience, and was most recently the head of the Southeast Asia investment management at Deutsche Bank Wealth Management, where he spent seven years,. Previously, he worked for UBS and JP Morgan where he also focused on UHNW clients.
Credit Suisse private banking has been hiring across Asia this year, and added around 50 relationship managers in the first six months.
Indosuez WM hires a new head of asset management for Hong Kong
Ian Koo joins Indosuez Wealth Management as its head of asset management for the Hong Kong branch, reporting to Grizelda Lee, head of asset management Asia, public markets solutions.
In his new role, Koo will oversee asset management activities for the bank in territory across distribution, marketing and investor servicing of asset management-related products and offerings. He is also responsible for the discretionary portfolio management business as well as fund distribution and activities.
Koo has 15 years of experience in advising ultra-high net worth clients in the region. He joins from Bank of New York Mellon (Hong Kong) where he was most recently its head of portfolio management.
Paragon poaches senior fund manager from Bank of Singapore
Wealth manager Paragon Capital Management Singapore has hired former Bank of Singapore’s alpha team head, Sean Quek as managing director and senior portfolio manager. Quek’s appointment takes effect immediately, and he will lead the management of a new equities-focused fund that is slated for launch in October.
Quek has two decades of experience in capital markets and wealth management. He spent nine years with Bank of Singapore, initially as head of equity research, where he was responsible for building up the bank’s primary research team across Singapore and Hong Kong. His last held position was as alpha team head, where he led an investment team in generating global multi-asset high-conviction investment ideas for the bank. Quek was also a member of the bank’s global asset allocation investment committee.
Prior to Bank of Singapore, Quek worked with Credit Suisse for 14 years where his last held position was as the investment bank’s Singapore head of research.
UOB launches private wealth arm
To help grow its new wealth unit, Singapore-based UOB has hired Chew Mun Yew who will join the bank in December. He will report to head of group retail, Eddie Khoo.
Chew has 20 years of experience in the financial services industry in Asia, including in senior roles across strategy, risk management and wealth management. He was also a senior banking and insurance regulator for five years. Most recently, he was Greater China group head at Julius Baer, in Singapore.
Chew has more than 20 years of experience and joins most recently from Julius Baer where he was a Greater China private banker. Previously, he held senior roles across strategy, risk management, wealth management. He was also a senior banking and insurance regulator for over five years.
UOB aims to double its wealth management fee income within five years, according to a statement by the bank.
HSBC adds to Southeast Asia sustainability bench
Kelvin Tan has been named head of sustainable finance and investments, Asean at HSBC, reporting to Singapore chief executive Kee Joo Wong.
Based in Singapore, Tan will support Singapore-based clients with their low carbon transition needs by overseeing the provision of sustainability-linked finance, and by leading cross-business and cross-market collaboration across the bank’s Asean franchises.
Tan was CEO of HSBC Thailand since 2015.
Morgan Stanley private banker leaves Hong Kong
Kenny Wai is stepping down from his current job as co-head of sales for Greater China at Morgan Stanley Private Wealth Management. He will remain with the US firm, but is relocating for family reasons.
Before joining Morgan Stanley in 2019, Wai worked for UBS for seven years with a focus on Greater China private banking and had previously pent time at Merrill Lynch.
ING appoints new branch manager of ING Shanghai
ING announced the appointment of Annie Tao as the branch manager of ING Bank Shanghai branch, effective 1 October 2021, subject to regulatory approval. She takes over Arthur Zou, the previous branch manager who left ING in March to pursue an external opportunity. Currently the deputy branch manager, Tao will also retain her position as head of corporate sector coverage in Shanghai.
She will report to James Poon, who is the country manager for China and branch manager of ING Hong Kong and head of corporate sector coverage for HK and mainland China.
Tao joined ING in 2004 as vice president and head of general lending, Shanghai. She was promoted to director in 2007 and managing director in 2018, and has been deputy branch manager since 2008. Prior to joining ING, she was with MUFG Bank China and Intesa Sanpaolo China.