Posted inPeople Moves

FSA People Moves (6 October – 12 October 2021)

Capital Group grows management team; RBC adds to private banking stable; RFO strengthens IAB; Zico AM hires Singapore veteran.
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Capital Group bolsters senior management team in Asia Pacific

Capital Group has appointed Toby Chan to the newly created role of head of Hong Kong client Group, subject to regulatory approvals. Capital Group is one of the world’s largest and most experienced investment companies, with

Based in Hong Kong, Chan is responsible for the firm’s distribution strategy for intermediary and institutional clients in Hong Kong and the Greater Bay Area, as Capital Group expands its products and services to cater to clients’ needs in the region. She reports to Grant Leon, managing director of financial intermediaries for Europe and Asia at Capital Group.

Chan has 20 years of experience in the industry, and was most recently HSBC’s global head of Jade & Top Tier proposition, managing the bank’s affluent and high net worth client segment.  In her 15 years with HSBC, she held various senior positions across asset management and wealth management.

Capital Group’s Hong Kong office, established in 1983, offers 25 investment funds across equities and fixed income to local institutional, wholesale and retail investors. Worldwide, Capital Group has AUM $2.6 trillion as of 30 June 2021.

RBC strengthens private banking stable in Hong Kong

RBC Wealth Management, part of Royal Bank of Canada (RBC), has announced two further senior appointments to its relationship management team in Hong Kong.

Fenny Chan and Angela Chow are the latest directors to join RBC Wealth Management’s private banking team to support high net-worth and ultra-high net-worth clients in the region. They will focus on working with families in Greater China who have international ties with Canada, the US or the British Isles as a result of business interests, employment, property or education.

Chan joins RBC after 25 years in senior client roles at HSBC, where she provided wealth solutions across banking, investment advisory and wealth planning. Chow previously worked at Credit Suisse AG, where she was vice president, relationship manager supporting the wealth management needs of high net-worth clients. Earlier in her career, she worked at BNP Paribas, LGT and Citibank (HK). Both report to Xygent Chan, who joined the firm earlier this year.

During the past year, RBC Wealth Management has announced several new private banking hires, including eleven new relationship managers in Hong Kong.

RFO appoints former CEO and digital assets specialist

Hong Kong-headquartered Raffles Family Office (RFO) has appointed Bruno Morel and Zann Kwan to its independent advisory board (IAB) today. Morel joins from VP Bank, where he was Singapore CEO, and Kwan is Bitcoin Exchange co-founder and a former Government of Singapore Investment Corporation executive.

The latest additions to the IAB, which was launched to help RFO’s client teams enrich their services through impartial views from industry-leading subject matter experts, follow inaugural IAB appointments made earlier this year that centred on philanthropy and family dispute management. Both Morel and Kwan will report to RFO’s Singapore office at One Raffles Place.

The earlier IAB appointees, both of which are based in Hong Kong, are former Franklin Templeton CEO & regional head for Greater China, David Chang, and board advisor to Lee Kum Kee Health Product Group subsidiary Infinitus Property, Christina Lau. 

Zico Asset Management snaps up Singaporean veteran banker

Gerald See has joined the firm as head of advisory and will focus on building up his advisory team and growing the Zico AM’s External Asset Management capabilities.

See has 14 years of wealth management experience, and joins the firm from Standard Chartered Private Bank where he was the senior client partner covering ultra-high net-worth clients. Earlier in his career, See was a director in the global family office and ultra-high net-worth division at UBS, and has also spent time as a venture capitalist and working in the UK commercial property sector.

Part of the Bonhill Group.