UBS Asset Management’s head of Hong Kong and head of Asia Pacific wholesale client coverage moves on.
Markus Egloff has resigned from the firm after 25 years, that began with a teenage apprenticeship in the mailroom of a UBS retail branch in a Swiss mountain village, according to a LinkedIn posting.
He is leaving to join private equity giant KKR, where he is tasked to expand the company’s business among wealthy individuals in Asia. Egloff will remain in Hong Kong.
A replacement for his role as UBS AM’s Hong Kong country has not yet been announced, although there have been reports that Francesco Grana will take over the position of head of wholesale client coverage.
State Street appoints Neil Macdonald as head of the asset managers segment in Asia Pacific.
In this newly created role, Macdonald will lead State Street’s engagement strategy for asset manager clients in Asia Pacific, including strategic direction, solutions structuring and will be responsible for the overall growth of the segment. Based in Hong Kong, Macdonald will report globally to Donna Milrod, head of global asset managers segment and global clients division, and regionally to Mostapha Tahiri, chief executive officer for Asia Pacific.
Macdonald joins State Street from KPMG, where he was the head of the wealth and asset management centre of excellence, building a consulting business focused on the needs of wealth and asset managers in Hong Kong and mainland China. He has nearly two decades of experience in the asset management industry. Prior to KPMG, Macdonald was the chief operating officer of global investment solutions at JP Morgan Asset Management and chief operating officer for Blackrock’s institutional clients in EMEA. Before entering the asset management industry, Macdonald held a number of senior positions in the banking sector, including Barclays and NatWest Bank.
London Stock Exchange Group strengthens its presence in the Pacific region with two senior appointments to its investment solutions business.
Martin Orro has joined as head of business development, Pacific, while Jo Saleeba joins as head of sustainable investment, Australia and New Zealand. The appointments are intended to deepen client relationships and support the development of new investment tools and solutions. Orro will focus on leading the expansion of FTSE Russell’s business in the Pacific. He joins from S&P Global Market Intelligence where he developed the commercial strategy for the Pacific region for the last seven years.
In a newly created role, Saleeba will be responsible for FTSE Russell’s sustainable investment indexes, data and analytics solutions across the Pacific region. He has over two decades of experience in corporate sustainability, responsible investment and ESG. Before joining FTSE Russell, Saleeba led the responsible investment team at HESTA, where she was responsible for developing and implementing the strategic direction of the fund’s responsible investment programme.
Fidelity International expands sustainable investing team
The US asset manager has appointed Gabriel Wilson-Otto as director, sustainable investing, based in Hong Kong. He will report to Jenn-Hui Tan, global head of stewardship and sustainable investing at Fidelity International.
In this new role, Wilson-Otto will help further integrate sustainability considerations into the firm’s investment process. He will also work closely with Fidelity’s research function on the firm’s proprietary sustainability ratings and support the execution of Fidelity’s sustainability-related regulatory programme.
With 15 years of experience, Wilson-Otto joins Fidelity from BNP Paribas Asset Management where he was most recently global head of sustainability research. Prior to BNPP AM, he was an executive director in Goldman Sachs’ global investment research division and head of GS Sustain for Asia.
