Schroders names Apac head
Schroders has chosen Susan Soh to be head of the asset manager’s Asia Pacific business, with effect from November 2021.
In April 2020, Soh and Chris Durack were made co-heads of Schroders Asia Pacific, but Durack has decided to leave Schroders due to a change in family health circumstances which prevents a planned relocation to Asia. He will remain with Schroders until the end of October to ensure a smooth handover of responsibilities, according to the firm.
EFG gains from Indosuez WM
After three-and-a-half years, Edmund Yun, has left Indosuez Wealth Management to join EFG Bank. At Indosuez WM, Hong Kong-based Yun was managing director, head of investment solutions and deputy head of markets, investment & structuring.
Yun was previously head of investment solutions, and Hong Kong & regional head of discretionary portfolio management at CIC, head of investment (Asia) at BMO Private Bank, and head of investment at CIBC Private Wealth Management.
New ETF lead at ChinaAMC
China Asset Management (Hong Kong) has hired Clarence Chan as its head of ETFs, effective from 2 August 2021.
Based in Hong Kong, he will directly report to Tian Gan, CEO of ChinaAMC (HK).
Chan has 16 years of ETFs and index experience and as well as several years as a portfolio manager. Most recently, he worked with BMO Global Asset Management (Asia) where he was managing director, head of ETF Asia and head of ETF portfolio management.
Prior to joining BMO in 2008, Chan worked as a beta strategies portfolio manager at Blackrock, and previously he was a portfolio manager at Exelion Capital. Chan has also held investment roles at Morgan Stanley Investment Management, and Morgan Stanley Capital International.
Nomura hiring spree
Nomura’s international wealth management (IWM) unit has added about 25 private bankers and investment advisors in the past six months, according to the firm.
These include Richard Hu as group head for Greater China relationship management Andrew Au as a Greater China relationship manager.
Other prominent hires have been Melani Hoesada as managing director and team lead for Southeast Asia who previously worked at UBS, Deutsche Bank, and Citi Private Bank, and Kapil Poply as a managing director and team lead with a focus on Southeast Asia and non-resident Indian (NRI) markets, who joined from Standard Chartered.
Meanwhile, Gareth Nicholson joined Nomura IWM as executive director, chief investment officer and head of discretionary portfolio management, Symon Tilberis was made executive director and head of family office services, and Olaf van Duijnhoven was hired as executive director and team lead for investment advisory.
Raffles FO opens in Beijing
Raffles Family Office has set up a Beijing office, which will be headed by Annie Hu, executive director, who recently joined to oversee the firm’s business in mainland China.
Hu has a background selling asset management products and services to ultra-high net worth individuals and entrepreneurs across the country. The Beijing office complements the firm’s existing presence in Shanghai.
JPMAM has new Australia boss
JP Morgan Asset Management (JPMAM) has appointed Andrew Creber as Australia and New Zealand chief executive officer.
Creber will be responsible for driving the strategic direction and accelerating the growth of the Australian and New Zealand business, which covers both institutional and retail clients. He will manage all facets of the business, including sales, product development, client services and operations and lead the teams based in Melbourne and Sydney.
Creber replaces Rachel Farrell, who left the firm in July. He will be based in Sydney and will report to Dan Watkins, Asia Pacific chief executive officer, JPMAM.
Creber was most recently based in Singapore for JPMAM, where he was Asia Pacific deputy chief administrative officer, responsible for the firm’s operations and business execution across the region. Since joining the firm in London in 1998, he has held various finance, strategy, project management and operations roles across the business, including chief operating officer for the Australia asset management business.
