Indosuez Wealth Management has appointed Olivier Livenais as CEO for Hong Kong branch. He will replace Antoine Candiotti, who is retiring from the firm, according to a statement from the wealth manager.
Livenais, whose appointment is subject to the approval of the regulator, is expected to relocate to Hong Kong from Paris, the firm noted, but did not give a date on when he is expected to assume his new role.
As CEO for Hong Kong, Livenais will be responsible for overseeing the wealth management business in Hong Kong and North Asia. He will report to Omar Shokur, CEO for Asia and Singapore branch manager.
Livenais has been the firm’s Paris-based global head of business development – a role he assumed in 2016. Before that, he was Indosuez’ CEO for Miami.
He first joined the firm in 2007, though he has been with the Credit Agricole Group, which Indosuez is part of, since 2000, according to the statement.
Livenais said in the statement that Asia is a key market for the firm.
Over the past few years, the firm has been luring in talent in Asia.
Earlier this month, four relationship managers dedicated to the region were hired– one based in Hong Kong and three in Singapore. In total, the firm has around 40 relationship managers in Hong Kong and 60 in Singapore, Grizelda Lee, Indosuez Wealth Management’s Hong Kong-based head of DPM for Asia, told FSA previously.
Last year, the firm hired Woo Ting May as head of investment advisory in a move to bolster the advisory business.
Indosuez Wealth Management manages around €130bn ($144.7bn) in assets globally, according to the statement.
Its Asian business was boosted by the 2017 purchase of Crédit Industriel et Commercial’s private banking operations in Singapore and Hong Kong.