Posted inPeople Moves

Indosuez Wealth plucks another senior manager

Indosuez Wealth Management, the wealth management arm of the Crédit Agricole Group, has hired Eugene Huang as a Singapore-based senior banker.
Fund Selector Asia

Huang was recruited into the firm in June and is the seventh senior banker in Asia to join this year, according to a statement from the firm.

Before he joined Indosuez Wealth, Huang worked with Nomura, Barclays and Merrill Lynch in Singapore for the last 20 years.

FSA sought more information from Indosuez Wealth, but the firm could not be reached for comment on Huang’s responsibilities, the markets he covers and the firm’s plans in the region.

The hires come after strategic appointments in the region at the start of the year. Pierre Masclet was appointed as Singapore-based CEO for Asia wealth management activities and branch manager for Singapore, while Sen Sui was named as Hong Kong-based commercial head for Asia. Both assumed their roles on 1 January, according to a separate statement.

Last month, Indosuez Wealth entered into exclusive discussions with France’s Credit Industriel et Commercial (CIC) to acquire its private banking activities in Singapore and Hong Kong, as reported.

The transaction is expected to be finalised by the end of the year and is subject to both regulatory approval and to customary employee consultation procedures in France.

In Asia, Indosuez Wealth has offices in Hong Kong and Singapore and employs 220 wealth managers, according to the statement.

The firm managed €110bn ($125bn) in assets globally as of the end of December last year, according to the statement.

Part of the Mark Allen Group.