Indosuez Wealth Management has named Madeline Cheng as its new head of real estate for Asia, responsible for shaping the firm’s strategy for real estate products and financing in Southeast Asia and North Asia, according to a statement from the firm.
The role was previously held by Justin Lau, who assumed the then newly created role in 2018, when the firm saw an increasing demand for property investments from Asian investors. According to his Linkedin profile, Lau left Indosuez in January and has not yet joined another firm.
Cheng was the team lead in corporate and institutional banking (CIB) at Qatar National Bank, according to the statement. She was also a director for CIB at Credit Agricole from 2010-2013.
At Indosuez, she will report to Julien Collin, head of markets, investments and structuring for Singapore.
Besides Cheng, Indosuez has also appointed Davis Hall as head of capital markets for Asia. He was previously the firm’s Geneva-based global head of foreign exchange and precious metals advisory and was relocated to Hong Kong earlier this year to assume his new role.
FSA sought more information from Indosuez Wealth, but the firm did not comment about whether Hall’s role in Hong Kong is newly created or if he replaced anyone.
Hall is responsible for planning and executing the firm’s capital markets strategy and the policies and procedures in the areas of structured products, foreign exchange and precious metals, over-the-counter derivatives and the entire spectrum of trade execution activities, according to the statement. He will report to Arjan De Boer, head of markets, investments and structuring for Asia.
Jackson Ho has also joined the firm as a foreign exchange and precious metals advisor. He had a decade-long career with Citibank in Hong Kong and also worked with Bank of Communications and Standard Chartered Bank, the statement said.
Ho will report to Trevor See, head of foreign exchange and precious metals advisory for Hong Kong.
Other appointments that Indosuez Wealth made this year include Olivier Livenais, who was named as the new CEO for Hong Kong in January. He replaced Antoine Candiotti, who retired from the firm. At the time, the firm also hired four relationship managers dedicated to the region. In total, the firm has around 40 relationship managers in Hong Kong and 60 in Singapore.