Posted inPeople Moves

FSA People Moves (27 October – 2 November 2021)

HSBC AM's new Apac CEO; Citi PB poaches Malaysia MD; Julius Baer re-hires veteran; Fidelity promotes PB lead; FSI elevates sales executives; M&G adds to distribution team; PGIM Real Estate appoints China head; Ex-Goldman Sachs MD advises Stashaway; Eurizon builds in Asia; New Malaysia head at Nomura AM.
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HSBC Asset Management appoints new Apac and Hong Kong CEO

HSBC Asset Management (HSBC AM) has appointed Daisy Ho as its new regional CEO for Asia Pacific & Hong Kong. Based in Hong Kong, she will join HSBC AM on 8 November and report to CEO Nicolas Moreau.

With 20 years’ experience in the asset management industry and Ho joins from Fidelity International, where she was president for China overseeing the firm’s overall China strategy across business, investments, operations and other key functions. Prior to that, she was managing director, Asia ex-Japan & Middle East, having joined Fidelity in 2005 as head of relationship management, institutional business, Hong Kong and was later made head of institutional business, Asia ex-Japan. Prior to joining Fidelity, Ho held senior roles in the wealth management and asset management divisions of JP Morgan, Axa and Hang Seng Bank. 

She replaces Pedro Bastos who is moving to a newly created role as CIO international markets & Asia strategist. Basos will work closely with the asset class CIOs and CIOs of the firm’s international markets, a group of 11 markets managed on a local basis, to support their local investment teams. As Hong Kong-based Asia strategist, he will contribute to promoting the firm’s global house views and Asia macro and investment views.

Citi PB hires Singapore and Malaysia UHNW managing director

Citi Private Bank has snapped up Chia Pei Jet as managing director and investment counselor team lead for the Singapore and Malaysia ultra-high net-worth (UHNW) business, as part of the firm’s strategy to expand its global wealth business in Asia Pacific.

Based in Singapore, she will partner with Citi Private Bank chairman and South Asia head Lee Lung-Nien. Chia joins from JP Morgan Private Bank, where she had been global investment specialist and team lead for the Indonesia market for twenty years. Prior to that, Chia held roles with Goldman Sachs, DBS and Maybank.

Julius Baer re-hires for Singapore office

Kevin Tay has re-joined the Swiss private banks as head of wealth planning and family office services, Singapore, with effect from 1 November 2021.

Tay arrives from Sequent Group, where he was senior partner, head of Asia and member of the group executive committee. Before that, he was with Julius Baer for almost 14 years, most recently as head of wealth planning and investment finance for Southeast Asia. Earlier in his career, he held various senior positions at BNP Paribas Private Bank and HSBC Trustee (Singapore).

In his new position, Tay will be responsible for leading the Julius Baer’s wealth planning team in Singapore and, in a newly created role, oversee the bank’s family office offering to provide bespoke products and services for its family office clients. He will be reporting to Eleanor Yuen, head wealth planning & investment finance Apac, for wealth planning, and to Jason Moo, head private banking, Southeast Asia and branch manager, Singapore, for family office services.

Fidelity has new Apac ex-Japan private banking head

Johann Santer has been appointed Apac ex-Japan regional lead for private banking and wealth. He will be responsible for driving the growth and regional alignment of Fidelity’s wealth proposition for clients across private bank and retail channels and leading Fidelity’s strategic client programme. Santer will head an expanded team of senior distribution people across Hong Kong and Singapore, and will continue to report to Rajeev Mittal.

Santer has 15 years of industry experience in the asset management and private banking industries. He joined Fidelity in July 2018 as head of private banking business Asia ex-Japan.

First Sentier Investors make two senior promotions in Asia 

Lauren Prendiville has been elevated to the role of managing director and head of distribution in Asia, and Christy Goh has been appointed to head of distribution, Southeast Asia.

Based in Singapore, Prendiville has two decades of asset management experience, working across multiple client segments including pension funds, central banks, sovereign wealth funds, endowments and private clients. She initially joined First Sentier Investors (FSI) as a director, institutional Business in January 2014, after which she was appointed head of distribution, Southeast Asia in November 2015. In June 2018, Prendiville was appointed to the FSI Singapore board, and in June 2020 she was appointed to the role of chief executive of FSI Singapore.

Prior to joining the firm, Prendiville was an executive director, institutional business development at Goldman Sachs Asset Management and has previously worked for Morgan Stanley Investment Management and Investec Asset Management.

Prendiville will report to CEO Mark Steinberg for all of her non-distribution responsibilities and be a member of the Enterprise Leadership Team. She will also retain a reporting line to global head of distribution Harry Moore for distribution responsibilities.

Meanwhile, Goh is also based in Singapore, and she will now report to Prendiville.

M&G strengthens Asian distribution team

M&G Investments (M&G) said that Alfred Foo has joined M&G Investments as director, intermediary channels, Singapore. He will be based in M&G’s Singapore office and will report to Berny Lin, head of distribution, Asia ex-Japan. In his role, Foo will be responsible for developing client relationships, focusing on private banking channels, family offices and external asset managers in Singapore.

Foo has 18 years’ experience working in the financial industry. He was most recently at abrdn where he was responsible for Singapore’s wholesale segment covering private banks, retail banks, insurance, and IFAs since 2018. Prior to that he worked in the private banking portfolio solutions team at Credit Suisse AG, Singapore. He started his career in Vanguard’s US office in Pennsylvania in 2003, before moving to Singapore in 2016 to join Standard Chartered Bank’s private banking investment advisory team focusing on Thailand, Singapore and Malaysia markets.

The intermediary channels team also recently appointed Roy Ko as client relationship manager in the Hong Kong office, reporting to Joseph Wong, head of intermediary channels, Hong Kong. Ko was most recently at Value Partners, Hong Kong where he held roles in the private banking distribution team.

PGIM Real Estate adds head of China

PGIM Real Estate, the property investment business of Prudential Financial, Inc., has appointed Matthew Yao as head of China.

In this new role, Yao will oversee the Shanghai-based investment team that currently supports the deployment of PGIM Real Estate’s pan-Asian investment funds in China.

Most recently from CBRE Global Investors where he headed its China business, as head of China for PGIM Real Estate, Yao will be responsible for the oversight, strategic development and growth of PGIM Real Estate’s businesses in China. His focus in particular will be on growing the firm’s pool of investment opportunities, through joint venture partnerships and strengthened domestic capital relationships, and developing future investment vehicles in China

Former Goldman Sachs MD joins Stashaway Advisory Committee

Vivien Khoo, former managing director responsible for Asia Ex-Japan compliance at Goldman Sachs and ex-regulator at the Securities and Futures Commission of Hong Kong, has joined Stashaway’s advisory committee as a senior advisor.

Khoo has two decades of risk management experience as a senior executive in traditional banking as well as in the virtual assets space. She was the global COO and interim CEO for BitMEX and is currently a board advisor for Fusang. She also founded the digital female leadership network and co-founded Satoshiwomen, organisations that connect and educate women in the cryptocurrency and digital space.

With Khoo’s appointment as a senior advisor, she joins Annie Koh, VP for business development at SMU, Francis Rozario, chairman and CEO at Asia Capital and Advisors, Shahazwan (Juan) Harris, chief international officer at Tenaga Nasional Berhad, and Alistair Boyd, chief executive officer and chief risk officer at Astignes Capital.

Eurizon boosts Asia growth

Eurizon Capital Asia, part of Intesa Sanpaolo Group’s asset management company, has appointed Richard Mo as its new head of business development and marketing. Mo, who has two decades’ experience working in asset management in Hong Kong, will lead distribution in Asia. In his new role he will work alongside Eurizon Capital Asia CEO and CIO Sean Debow, who oversees Eurizon Capital’s Asia subsidiary based in Hong Kong.

Prior to joining Eurizon, Richard was head of business development for China and Taiwan for Jupiter Asset Management. Before that he worked at JP Morgan Asset Management for 15 years, serving several managerial roles in its Taipei and Hong Kong offices, latterly as head of the China retail business.

Nomura AM Malaysia appoints new boss

Nomura Asset Management Malaysia, a Malaysian fund management unit of Nomura Holdings, has promoted Leslie Yap as managing director and country head.

Yap has two decades of investment management experience and was most recently head of investments at Nomura Asset Management Malaysia, looking after the developed markets equities portfolio management team in Kuala Lumpur. Since joining the firm in 2008, he has worked closely with Nomura Asset Management’s global teams, and has been a core member of investment committees.

Yap succeeds Nor Rejina Abdul Rahim, who takes the role of advisor to Nomura Asset Management Malaysia.

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