Posted inPeople MovesNews

FSA people moves (27 Oct – 03 Nov 2020)

HSBC PB names new APAC credit advisory head; RBC Wealth adds to fixed income; StanChart PB replaces EMEA head; and T Rowe expands Australia team.

HSBC PB names new APAC credit advisory head

HSBC Private Banking has appointed Jyrki Rauhio as regional head of credit advisory for Asia-Pacific, effective 2 November, according to a statement from the bank.

Jyrki Rauhio, HSBC Private Banking

Rauhio replaced Desiree Lam, who will take up a new role within HSBC Private Banking, working directly with Siew Meng Tan, regional head for Asia-Pacific, to drive HSBC’s Asia wealth strategy.

Rauhio joined HSBC from Citigroup, where he was the bank’s Singapore-based head of South Asia for private banking. He spent at least 25 years with Citigroup, including around 12 years in Hong Kong and Singapore.

In the last decade, he held various senior leadership roles at Citi Private Bank, including London-based global chief operating officer and Hong Kong-based head of investment finance and banking for Asia-Pacific.

HSBC PB expects to offer more bespoke lending solutions to its clients, including the UHNW segment and institutional family offices.

“In the next three to five years, we expect the loan book to significantly increase in line with the growth of AUM as we accelerate the execution of our Asia wealth strategy,” Tan said in the statement.

Rauhio will report to Tan and Daniel Mentha, global head of credit advisory for global private banking.

RBC Wealth adds fixed income specialists

RBC Wealth Management has hired two fixed income specialists to enhance its advisory investment solutions for private banking clients in Asia, according to a statement from the firm.

Shawn Sim, RBC Wealth Management

Shawn Sim has joined the firm’s investment solutions and products team in Singapore as head of fixed income advisory, responsible for driving the growth of the firm’s fixed income portfolio advisory services for clients across Asia.

He reports to Chun Him Tam, who heads RBC Wealth’s fixed income and ultra-high-net-worth (UHNW) solutions groups in the region.


Sim re-joins RBC Wealth from HSBC Private Bank, where he was a fixed income advisor. He was a member of RBC Wealth’s fixed income team between 2014 and 2018, and earlier in his career worked at OCBC Securities, according to the statement.

Kennard Ling, RBC Wealth Management

Joining Sim and reporting to him is Kennard Ling, who joins as a fixed income specialist from Citibank Singapore. At Citibank, Ling was part of the advisory and trading desk in Singapore, responsible for business growth across Asia-Pacific. Before that, he was a corporate sales analyst for foreign exchange and rates at Standard Chartered Bank.

RBC Wealth announced a number of new hires in Asia so far this year, including at least 10 new private bankers and two senior wealth planning hires.

StanChart names new EMEA head for private banking

Standard Chartered has named Grant Parkinson as its new London-based private banking regional head for Europe, Africa and the Middle East (EMEA), subject to regulatory approval, according to a statement from the firm.

Grant Parkinson, Standard Chartered

He will replace Steve Atkinson, who is stepping down from his role and will be leaving after three decades with the bank. Parkinson will report to Didier Von Daeniken, global head for private banking.

Atkinson will be working closely with Parkinson to ensure a smooth leadership transition over the next few weeks. Atkinson’s last day with the bank is on 2 December, the statement said.

Before Standard Chartered, Parkinson was chief operating officer at UK wealth manager Brewen Dolphin, where he focused on the firm’s digital solutions and developing technology solutions for client-facing colleagues. He was also COO at Coutts between 2013 and 2017, where his responsibilities were predominantly client-focused, including developing new client propositions and opening of a booking centre, according to the statement.

T Rowe expands Australia team

T Rowe Price has expanded its Australian intermediary team with the appointment of Amie Boscacci as a new relationship manager for Victoria and Tasmania.

Amie Boscacci, T Rowe Price

Based in Melbourne, Boscacci will report to Shane Zabiegala, relationship manager for financial institutions.

Boscacci is part of the local intermediary team, led by Jonathan Ross, who was promoted to head of intermediary for Australia and New Zealand in September. The team, which is responsible for supporting financial advisers across Australia and New Zealand, has grown to nine relationship managers from two in five years.

Before T Rowe, Boscacci was at Macquarie Bank, where she worked as a business development manager for its wealth solutions division.

Part of the Mark Allen Group.