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Indosuez pulls RMs from ANZ

Continuing a hiring spree, Indosuez Wealth Management, the wealth management arm of the French bank Credit Agricole, has brought on board three senior relationship managers and a product specialist. 
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Andrew Cheng has joined Indosuez as managing director in Hong Kong. Cheng was the market head of greater China at ANZ Private Bank. Amy Yeung, also joining from ANZ, was hired as senior director in Hong Kong. Both report to Piera Au-Yeung, team head and deputy chief executive of the Hong Kong branch.

Joining from ABN AMRO Private Bank, Qays Koh was named as director in Singapore at Indosuez. In the new role, Koh reports to Michael Yeo, team head and senior director at the Singapore branch.

Teresa Hui was appointed as fixed income advisor in Hong Kong, reporting to Arjan De Boer, head of markets and investments and structuring in Asia. Prior to the appointment, she worked for Edmond De Rothschild in Hong Kong.

Earlier this year, the firm hired Eugene Huang as a Singapore-based senior banker, the seventh senior banker in Asia to join this year.

In addition to the new hires, the bank plans to acquire the private banking divisions of Credit Industriel et Commercial in Singapore and Hong Kong. The transaction is expected to be finalised by the end of the year, subject to regulatory approvals and an employee consultation process in France, the firm said earlier.

Indosuez Wealth Management employs 220 wealth managers in Hong Kong and Singapore, according to the statement. The firm managed €112bn ($130.3bn) in assets globally as of the end of June this year, according to the statement.

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