Deutsche poaches Southeast Asia head
Terence Leong will join Deutsche Bank as group head Southeast Asia from HSBC where he was ultra-high net worth market lead at HSBC Singapore. He will report to Shang Wei Chow, head of Southeast Asia Wealth Management.
Leong has worked for 15 years in the wealth management industry, including in leadership roles at UOB Private Bank and DBS Treasures Private Client. Former colleagues Lynn Aw and Derek Teo will also be moving to Deutsche Bank.
HSBC names China private banking head
The wealth manager has appointed Jackie Mau as head of global private banking, mainland China, effective 1 August.
In his new Shanghai-based role, Mau will report to executive vice president and China head of wealth and personal banking Richard Li, and to HSBC’s Asia head of global private banking Siew Meng Tan.
Mau has two decades of experience in the industry, and was most recently HSBC private banking’s co-head of the investment products group in Asia.
UBS veteran retires
Jean-Claude Humair group managing director and Apac head of advisory and sales at UBS has retired after four decades with the Swiss bank.
Humair moved to Asia Pacific in 1996 in senior market roles including the leadership of Japan’s domestic business, Hong Kong-based regional market manager and Apac head of investment platforms and solutions in 201, before taking up his most recent position.
Humair’s successors as co-heads are Philippe Spielhofer and Dino Rinaldi who report to Amy Lo and August Hatecke, Apac co-heads of wealth management.
HSBC AM poaches ETF head in Hong Kong
HSBC Asset Management has appointed Ray Chan as ETF business development director, based in Hong Kong. Joining the firm on 21 June, Chan reports to Jaqueline Pang, head of ETF sales, Asia Pacific.
In this newly created role, Chan is responsible for driving the growth of HSBC and Hang Seng ETF distribution, covering various segments ranging from insurance, asset managers, pension, private banks and intermediaries.
He has over 20 years of experience in the asset management industry and specialises in ETF investment advisory, distribution for institutional and intermediary in Asia. Prior to joining HSBC, Chan was last with Taikang Asset Management where he led the sales and business development efforts for pensions and intermediary segments. He also spent eight years at State Street Global Advisors where his last position was the head of Hong Kong for SPDR ETFs.
UOB Malaysia promotion
UOB Malaysia has made Ng Wei Wei deputy chief executive officer, in addition to her current role looking after the bank’s foreign direct investment advisory, Islamic banking and Labuan offshore businesses.
Ng first joined UOB Malaysia in 2000 in corporate banking positions, before spending 13 years at HSBC in Hong Kong and Malaysia. She returned to UOB Malaysia in 2019 as managing director and country head of wholesale banking.
Ng’s new responsibilities include helping CEO Wong Kim Choong determine the bank’s strategic priorities.
Capital Group hires Australia client head
Capital Group has appointed Murray Brewer to a newly created role of head of Australia client group, effective 1 July 2021. Based in Sydney, he will report to Guy Henriques, head of client group for Europe and Asia.
Murray has more than 30 years of industry experience to Capital Group, most recently serving as director, country head of distribution, Australia and New Zealand for T. Rowe Price. Before that, he was director and head of distribution at Schroders Australia. He began his career at Lloyds Bank, followed by Westpac and then AMP Asset Management.
Credit Suisse promotes Malaysia leaders
The Swiss firm has appointed Joyce Low market leader Malaysia, promoting her from team leader; she will continue reporting to Jin Yee Young, market group head for Singapore, Malaysia and South Asia.
Low joined Credit Suisse 25 years ago and was most recently a team leader after being promoted from senior client partner. Wee also has about 25 years in the business, including 17 of them at Creit Suisse.
BNY Mellon hires Hong Kong trustee head
BNY Mellon has appointed Gabriel Cheung as director of asset servicing and digital for Asia Pacific, and head of trustee in Hong Kong, with immediate effect. Based in Hong Kong, he reports to Mathew Kathayanat, head of product and strategy, Asia Pacific, who is based in Singapore, and Simon Voss, head of international trustee & depository, who is in EMEA.
In this newly created role, Cheung will be responsible for overall management of trustee services in Hong Kong, partnering with BNY Mellon’s client coverage and business development teams to drive growth and develop products, particularly in the area of new fund structures across Asia Pacific.
He was most recently head of trustee services for Brown Brothers Harriman in Hong Kong, and prior to that he held senior roles at HSBC Global Banking and Markets, AIA Pension and Trustee in Hong Kong and Mayer Brown JSM.