Indosuez Wealth names new Asia CEO

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Omar Shokur has been named as CEO for Asia and branch manager of Indosuez Wealth Management in Singapore, subject to regulatory approval, according to a statement from the firm.

Shokur will replace Pierre Masclet, who has been appointed as Paris-based deputy CEO for Indosuez WM group.

In his new role, effective 1 July, Singapore-based Shokur will be responsible for the firm’s development strategy in Asia. He will report to Jean Francois Deroche, CEO of CA Indosuez.

Shokur was previously the firm’s head of markets, investment and structuring teams for Indosuez in Switzerland and Asia, according to the statement. He joined Credit Agricole Corporate and Investment Bank in 2007 and was named as head of financial intermediaries in Geneva in 2010.

Indosuez Wealth Management, which is the wealth management brand of the Credit Agricole Group, managed €122.8 billion ($137.6bn) in assets globally as of the end of 2018, according to the statement. It has 14 offices globally, including Hong Kong, and Singapore within Asia-Pacific.

Separately, the firm hired Woo Ting May as head of investment advisory in Singapore earlier this month. In March, the firm also named Romain Jérome as chief digital officer.

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